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Electronic Arts Posts Narrower Loss; Shares Soar

Electronic Arts reported a narrower loss than expected in the company's fiscal first quarter, giving shares of the video game giant a sharp boost in extended trading.

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The developer of hugely popular game titles like "Modern Warfare" reported a loss of 24 cents a share, against a loss of 2 cents a share a year ago.

The company also reported revenue of $539 million, against $816 million the same period last year.

Analysts who follow the company had expected a loss of 35 cents a share on sales of $502 million.

Shares of the company , which ended lower at $16.18 a share in regular trade, were last up more than 5 percent in extended trading. Get after-hour quotes for Electronic Arts here.