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Electronic Arts fiscal Q2 loss narrows YOY

Electronic Arts Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.

The per-share loss decreased 28.8% year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $23.8 million, compared with a loss of $32.5 million in the year-earlier period.

The normalized profit margin climbed to negative 2.5% from negative 3.6% in the year-earlier period.

Total revenue climbed 6.8% on an annual basis to $959.0 million from $898.0 million, and total operating expenses increased 5.6% year over year to $1.00 billion from $947.0 million.

Reported net income came to a loss of $21.6 million, or a loss of 7 cents per share, compared with a loss of $39.1 million, or a loss of 13 cents per share, in the prior-year period.