Electronic Arts Beats Expectations

The company is reporting a first quarter net loss of $45.3 million, up from a net loss of $42.3 million in the same quarter last year. That loss is equal to 34 cents per share, slightly lower then the 37 cent per share loss that had been expected. EA was also able to point to increased revenues, up 18 percent to $182 million from $154.8 million in the same period last year, as another bright spot.