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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Electronic Arts breaks losing streak AFP - Wednesday, May 12 Send IM Story Print US videogame giant Electronic Arts posted a quarterly net profit on Tuesday, snapping its losing streak of 12 consecutive quarters in the red. NEW YORK (AFP) - – US videogame giant Electronic Arts posted a quarterly net profit on Tuesday, snapping its losing streak of 12 consecutive quarters in the red. The Redwood City, California-based company behind the "Sims," "Madden" and other hit games reported a fourth-quarter net profit of 30 million dollars compared with a net loss of 42 million dollars in the same quarter a year ago. Revenue was up 14 percent in the quarter which ended on March 31 at 979 million dollars, better than forecast by Wall Street analysts. EA said sales were driven by "Battlefield: Bad Company 2," which has sold five million units, "Mass Effect 2" and "Dante's Inferno." "We had an excellent fourth quarter," EA chief executive John Riccitiello said in a statement. "'Battlefield: Bad Company 2' outperformed, which contributed to revenue at the high end of our guidance range, and we exceeded our expectations on the bottom line," he said. EA said it expected revenue of between 710 million dollars and 750 million dollars in the current quarter. The cautious outlook sent EA shares down four percent in after-hours electronic trading to 18.05 dollars. Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - 2 hours 49 minutes ago China Mobile interested in bringing Apple iPad to China Reuters - 2 hours 49 minutes ago Microsoft updates Office, vies online with Google Reuters - Wednesday, May 12 Electronic Arts breaks losing streak AFP - Wednesday, May 12 Google, Verizon working on tablet computer: WSJ AFP - Wednesday, May 12 News Search Top Stories German economy grows by 0.2 pct in first quarter After long wait, US Senate takes up climate Film world masses for topical Cannes fest US worries spark calls for swift eurozone action Cameron finally British PM after cliffhanger polls More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Scientists stunned as grey whale sighted off Israel UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Cameron finally British PM after cliffhanger polls Lack of sleep linked to early death: study More Most Viewed » Aliens may exist but contact would hurt: Hawking Lack of sleep linked to early death: study Scientists stunned as grey whale sighted off Israel UN fears 'irreversible' damage to natural environment Freddie Mac asks for fresh 10.6 billion dollar bailout More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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