EA lowers forecasts


The US games giant now expects FY2005 net revenues of between $3.100 and $3.125 billion. This compares to previous estimates of between $3.275 and $3.325 billion.

“These results are clearly disappointing,” said chairman and CEO Larry Probst. “While our new releases are performing reasonably well, they have not been able to offset a significant fall-off in catalogue sales.”

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