Tuesday, May 8, 2007

UPDATE 1-Electronic Arts warns on '08 profit; shares down

(Reuters) - The company, which is changing the way it accounts for revenue from certain games played online, forecast adjusted profit of 90 cents to $1.20 per share for the year, compared with Wall Street's average target of $1.31. It forecast a net loss for fiscal 2008.

It was not immediately clear if the accounting change was responsible for the weak outlook.


Read more at Reuters.com Market News

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