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Articles about financial

Electronic Arts lowers its financial forecast, plans to expand Mirror’s Edge and Dead Space

by Kris Rosado on Dec 11, 2008 at 12:39 PM

Just before Electronic Arts went on a conference call on December 9, 2008, the company announced it would be “continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations.” E.A. CEO, John Riccitiello, was quoted… Continue Reading »

Midway served delisting notice by the New York Stock Exchange

by Eddie Bracco on Nov 24, 2008 at 06:06 PM

After posting a $76 million loss in revenue for the third quarter, Midway has been issued a delisting notice from the New York Stock Exchange. According to GameSpot UK, the notice came after the struggling developer failed to close above $1 a share, the minimum required closing price for the… Continue Reading »

Xbox 360’s red lights of death hits Microsoft’s wallet

by Madison, Phil on Jul 20, 2007 at 08:57 PM

Microsoft Gaming reported a $1.89 billion loss for the fiscal year ending in June 2007. Yeah you read that right, I said billion. You know, nine zeros. This is an increase of 47% from last year’s $1.28 billion operating loss. Even as I sat there reviewing the information in shock,… Continue Reading »

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