Reuters

Electronic Arts shows wider 4th-qtr net loss

Tue May 13, 4:17 PM

SAN FRANCISCO (Reuters) - Electronic Arts Inc posted a bigger quarterly net loss on Tuesday due to restructuring costs, but net revenue beat Wall Street expectations, driven by titles such as "Rock Band" and "Army of Two."

The world's largest video game publisher also said it expected a net profit of between 25 cents and 52 cents per share on net revenue of between $4.9 billion and $5.15 billion for its 2009 fiscal year.

Electronic Arts said its net loss for its fourth fiscal quarter was $94 million, or 30 cents per share, compared with a loss of $25 million, or 8 cents per share, a year earlier.

Net revenue was $1.13 billion, up 84 percent from $613 million a year earlier.

EA did not mention its $2 billion bid for Take-Two Interactive Software Inc . Take-Two, publisher of blockbuster game "Grand Theft Auto 4," has rejected the $25.74-per-share tender offer as too low.

(Reporting by Scott Hillis; Editing by Braden Reddall)

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