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Electronic Arts quarterly profit plunges

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Electronic Arts quarterly profit plunges

Quarterly profits at Electronic Arts Inc. plunged 91 per cent because of withering competition and disappointing sales of its most popular video games, and executives said the company will likely lose money in the current quarter.

Shares of the world’s largest video-game software maker fell $5.96, or 11.3 per cent, in after-hours trading. The company makes popular sports and action games, including “Tiger Woods PGA Tour,” “Madden NFL Football” and “GoldenEye: Rogue Agent.”

Read the complete story. (GlobeandMail.com)