Earnings alert: Electronic Arts lowers outlook, shares fall
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Plus: Sony profit up, forecast cautious...Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008.
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Video game publisher Electronic Arts Inc. said Thursday it swung to a loss in the third quarter, hurt by restructuring charges and the way it accounts for online-enabled games.
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No. 1 video game maker Electronic  Arts Inc ERTS.O on Tuesday reported higher quarterly profits  on strong demand for titles like Madden NFL 2005, but its stock  price fell after a holiday forecast fell short of Wall Street  expectations.
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Electronic Arts cuts prices on key sports titles, showing some vulnerability.
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Electronic Arts Inc. on Tuesday  posted a smaller-than-expected loss and said this quarter's  revenue should top analyst estimates, lifting shares of the  world's largest video game publisher nearly 4 percent.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Tokyo stocks fell on Thursday as caution  about earnings hurt Kyocera Corp. and other tech firms after  disappointing outlooks this week from Elpida Memory Inc. and  Nintendo Co.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.
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The latest results from games giant Electronic Arts beat market expectations, despite its profits falling 38%.
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U.S. stocks fell on Tuesday as the  earnings season started on a weak note after aluminum producer  Alcoa Inc. AA.N missed Wall Street expectations and chip  maker Advanced Micro Devices Inc. AMD.N issued a sales  warning.
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Stock futures fell on Wednesday as  earnings by Amazon.com Inc  disappointed some investors  and reports of bigger write-downs at Merrill Lynch & Co. Inc   added to concerns about the credit market.
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Stocks headed for a lower open on Tuesday as disappointing earnings from Best Buy Co. Inc.  revived worries about consumer spending.
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Stocks fell on Thursday as a drop in Eli Lilly and Co  shares and caution before new home sales data offset optimism about earnings from tech companies Motorola Inc  and EMC Corp .
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Electronic Arts swung to a loss because of restructuring charges and deferred revenue, but posted record revenue during the most brisk holiday season the video game industry has seen.
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Stock futures pointed to a slightly  lower open on Thursday, as weaker-than-expected earnings from  online retailer Amazon.com Inc. AMZN.O dulled the mood on  Wall Street, with investors awaiting more quarterly results and  economic data.
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No. 1 video game maker Electronic Arts Inc on Tuesday reported higher quarterly profits on strong demand for titles like Madden NFL 2005, but its stock price fell after a holiday forecast fell short of Wall Street expectations.
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The Nikkei lost 1 percent on Thursday as  stocks such as Matsushita Electric Industrial Co. fell after  downbeat earnings at U.S. firms, while a profit warning from  Sony Corp. looked set to push the market lower.