Electronic Arts, however, could beat Wall Street's expectations for the quarter, according to some analysts, driven by sales of games such as "The Beatles: Rock Band" and "Madden NFL 10."
BY THE NUMBERS: Analysts, on average, are expecting a profit of 7 cents per share on sales of $1.12 billion, according to a poll by Thomson Reuters.
EA does not give quarterly guidance. "Recent industry weakness will likely cause the company to lower its full-year industry growth expectations to negative 'mid single digits,' from 'flat' previously," wrote Wedbush Morgan analyst Michael Pachter in a note to investors. "In addition, we believe the company may take a more proactive role in additional cost cuts and may announce additional restructuring initiatives."
Pachter, who rates EA "Outperform," expects the company to report second-quarter's results "well above" average analyst estimates.
Shares of the Redwood City, Calif.-based company fell 12 percent during the quarter to close at $19.05 at the end of September.
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