EA Earnings Jump

Despite slower than anticipated growth in Playstation game sales, Electronic Arts racked up a 28 percent increase in quarterly earnings. The world's largest videogame publisher reported an increase in net income to $93 million from $73 million in the same period last year, revenues increased from $520 million a year ago to $601 million for the quarter this year. EA Chairman Larry Probst said that company expects the company to continue to post gains as they gear up for Playstation 2 and the expected summer launch of it co-branded AOL games channel.