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More Bad News For Electronic Arts, As Company Forced To Lower Guidance

pklepek
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Posted January 12, 2010 - By pklepek












Electronic Arts First Quarter Loss Only $6 MillionElectronic Arts, despite critical acclaim for encouraging the development of new franchises in recent years, has had trouble finding its footing. The publisher has laid off thousands of employees during the transition and most recently lowered its fiscal 2010 guidance.

The company's fiscal 2010 ends on March 30, 2010. Previously, EA had anticipated a financial forecast of $3.6-$3.9 billion. That has since been reduced to $3.6 billion-$3.675 billion.

This comes in the wake of news that Star Wars: The Old Republic isn't coming until spring 2011, but confirmation that Dead Space 2, Crysis 2, Medal of Honor, an "innovative" new take on Madden NFL and others are coming before the end of EA's fiscal 2011, ending March 30, 2011.

They are making good decisions so far in 2010, however. EA's making a new NBA Jam!

Have something to share? Sitting on a news tip? E-mail me. You can also follow me on Twitter.

Tags: Videogames
More Bad News For Electronic Arts, As Company Forced To Lower Guidance
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