Electronic Arts, Inc (ERTS)EA cuts outlook on weak holiday sales
Reuters - December 9, 2008
Submitted by apujanata (14930)
at 3:06PM PST on December 9, 2008
EA warned that its fiscal 2009 profit and revenue will fall short of already-low forecasts due to disappointing holiday sales of its video games in North America and Europe.
Share price down 10 %.
EA had already slashed its fiscal 2009 estimates in late October, blaming slowing demand at retail stores and a delay in the release of its latest "Harry Potter" video game.