Video game publisher Electronic Arts says its second-quarter net loss widened as development and marketing costs grew, and the company's shares dropped sharply as it cut its earnings outlook.
Though EA kept its full-year revenue forecast intact, it lowered its full-year profit outlook range, and shares of the company were down about 15 percent in extended trading.
Electronic Arts said Thursday it lost $310 million, or 97 cents per share, in the July-September period. That was worse than the loss of $195 million, or 62 cents per share, a year earlier.
EA's sales jumped 40 percent to $894 million.