NEW YORK (AP) -- 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.
The company acknowledged its business has been "mixed" in a robust market for games, though adjusted earnings met Wall Street's expectations.
For the quarter ended Dec. 31, the world's biggest independent video game maker posted a loss of $33 million, or 10 cents per share, compared with a profit of $160 million, or 50 cents per share, in the same period a year ago.
Adjusted earnings, excluding a change in revenue recognition and other items, were $290 million, or 90 cents per share, matching average analyst expectations as surveyed by Thomson Financial.
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http://biz.yahoo.com/ap/080131/earns_electronic_arts.html?.v=4
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