 EA is the world's largest computer games publisher |
The latest quarterly results from US games giant Electronic Arts have beaten market expectations, despite the firm seeing its profits fall 38%. Reporting its figures for the last three months of 2006, Electronic Arts' net profit fell to $160m (�81m) from $259m in the previous year.
A larger fall had been expected because of the limited availability of the latest Sony and Nintendo consoles.
The firm's quarterly revenues rose 1%. The results saw its shares rise 3%.
'Increasing growth'
Analyst Michael Pachter of Wedbush Morgan said the results were a relief.
"The sentiment was that they were going to miss badly," he said.
Electronic Arts is the world's largest computer games publisher.
It now forecasts North American and European game sales growth of 13% to 18% in 2007.
One-Minute World News 
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