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May 8th, 2012 
FAKE NEWS for the Zionist agenda REDWOOD CITY, Calif. (AP) — Shares of video game maker Electronic Arts fell in after-hours trading after the company forecast lower-than-expected revenue for the coming year.
The Redwood City, Calif., company said it expects adjusted revenue of $4.3 billion for the fiscal year ending March 31, 2013. That’s below the $4.5 billion analysts polled by FactSet had been forecasting. The company, maker of games like Madden NFL and The Sims, also said it expects adjusted earnings per share of $1.05 to $1.20, which is roughly in line with the $1.14 predicted by analysts.
Electronic Arts reported adjusted net income for the fiscal fourth quarter, which covered January through March of this year, jumped to $400 million, or $1.20 a share, from $151 million, or 45 cents a share.
After accounting for one-time charges, profit was down to $56 million, or 17 cents per share, from $83 million, or 25 cents per share. The difference was mostly from estimating costs of future digital content that Electronic Arts may have to provide for games without charging additional fees.
Analysts had forecast 17 cents per share excluding one-time items.
Revenue jumped 26 percent to $1.37 billion, helped by a big increase in digital revenue. Without the impact of one-time items, revenue would have been about $977 million, ahead of the $958 million expected by analysts.
Like its peers, Electronic Arts is trying to boost digital revenue as demand weakens for console video games.
CEO John Riccitiello said in a statement that EA in the coming year would “break away from the pack, with a very different profile than the traditional game companies and capabilities that none of our new digital competitors can match.”
Shares fell 5 percent in after-hours trading, to $14.39, following the release of the earnings report.
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