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Electronic Arts profit misses consensus by 93.8% in fiscal Q2

Electronic Arts Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3 cents per share, compared with the S&P Capital IQ consensus estimate of 53 cents per share.

The per-share result swung to a profit from the prior-year loss of 56 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.6 million, compared with a loss of $172.5 million in the prior-year period.

The normalized profit margin climbed to 1.1% from negative 24.8% in the year-earlier period.

Total revenue increased 42.4% on an annual basis to $990.0 million from $695.0 million, and total operating expenses came to $967.0 million, compared with $963.0 million in the year-earlier period.

Reported net income totaled $3.2 million, or 1 cents per share, compared with a loss of $274.1 million, or a loss of 89 cents per share, in the year-earlier period.