toggle

AAPL Stock: 123.25 ( -0.99 )

Printed from http://www.macnn.com

Losses and gains at Electronic Arts

updated 09:00 am EDT, Wed August 2, 2006

Losses and gains at EA

For proof that the game industry is in the big leagues, look no further than EA, which posted a 13 percent increase in net revenues this quarter over the same quarter last year, for a total of $413 million. Gross profits were up 14 percent to $245 million. They won't get to keep it all however, because net losses also increased to $81 million, and trailing twelve-month operating cash flow went down to $589 million from $669 million. In the same report, EA CEO Larry Probst promises greater support for Nintendo formats and a healthy launch lineup for Sony's PS3, which is expected to ship this Fall.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Comments are closed.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill th ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

toggle

Most Commented