Technology
Electronic Arts top expectations, eyes share gains
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Posted 14 May 2008 @ 09:57 pm GMT
REUTERS/Andy Clark
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Electronic Arts bids for Take-TwoShares in EA rose as much as 2.6 percent to $56 in extended trading after the results, but later trimmed those gains to trade at about $54.80.
Electronic Arts said its net loss for its fourth fiscal quarter was $94 million, or 30 cents per share, compared with a loss of $25 million, or 8 cents per share, a year earlier.
As for Take-Two, it has rejected EA's $25.74-per-share tender offer as too low.
(Reporting by Scott Hillis; Editing by Braden Reddall)
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