The video-game maker backed its full-year view for a loss in the range of 55 cents to 85 cents a share on revenue between $3.35 billion to $3.6 billion. The maker of Rock Band and Madden games forecast third-quarter earnings in the range of 50 to 60 cents a share on revenue between $1.375 billion to $1.5 billion.
The forecast missed analyst expectations, as the Street was looking for third-quarter earnings of 70 cents a share on revenue of $1.44 billion.
In the fiscal second quarter, EA posted a loss of $201 million, or 61 cents a share, down from last year’s second-quarter loss of $391 million, or $1.21 a share, one year ago. Adjusted earnings came in at 10 cents a share, up from 6 cents in the year-ago quarter.
Revenue fell 23% to $884 million, compared to sales of $1.15 billion, one year ago.
Analysts polled by Thomson Reuters had predicted an adjusted loss of 10 cents a share on sales of $814.61 million.
"We had another strong quarter, beating expectations both top and bottom line," said John Riccitiello, Chief Executive Officer, in a statement. "We credit our results to blockbusters like FIFA 11 and to innovative digital offerings like The Sims 3 Ambitions and Madden NFL 11 on the iPad."
Shares of Electronic Arts rose 2.5% in Tuesday’s session, closing the day at $16.20. The stock was down 30 cents, or 1.8%, in after-hours trading.