Electronic Arts Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to a loss of 26 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.
The per-share result swung to a loss from the prior-year profit of 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $80.0 million, compared with income of $10.6 million in the prior-year period.
The normalized profit margin declined to negative 9.8% from 1.1% in the year-earlier period.
Total revenue declined 17.7% year over year to $815.0 million from $990.0 million, and total operating expenses decreased on an annual basis to $934.0 million from $967.0 million.
Reported net income came to a loss of $140.4 million, or a loss of 45 cents per share, compared with income of $3.2 million, or 1 cents per share, in the year-earlier period.
