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Wednesday December 21, 2005 12:34 pm

EA Issues Profit Warning

Posted by Brandon Gribin Categories: Corporate News,

EA’s stock price took a tumble as it issued a profit warning on Tuesday. According to CEO Larry Probst, the company’s sales will be lower than expected for the current quarter because of lower software sales this holiday season - partly due to the Xbox 360 shortage and falling interest in current-gen consoles. (Don’t forget that Activision also lowered its sales forecasts.)


Read More | GameDailyBiz

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