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Game publisher EA beats Q1 views, disappoints on outlook

Video game publisher Electronic Arts (NASDAQ:EA) late Thursday easily beat Wall Street estimates for the June quarter, and it raised its guidance for the full year.

But EA stock was down 3% in after-hours trading after the earnings release, as the company's guidance disappointed investors. During the regular session, EA rose a fraction to 72.30. EA shares hit an all-time high of 75.10 on July 21.

The Redwood City, Calif.-based company earned 15 cents a share excluding items on sales of $693 million in its fiscal Q1 ended June 30. Analysts polled by Thomson Reuters expected 3 cents and $652 million.

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