Game company Electronic Arts posts 1Q profit

NEW YORK

Electronic Arts Inc. said Tuesday its net income totaled $96 million, or 29 cents per share in its fiscal first quarter, which ended in June. In the same period last year EA's net loss was $234 million, or 72 cents per share.

The company behind "Madden" and "The Sims" says net revenue rose 27 percent to $815 million from $644 million.

EA's adjusted results easily surpassed Wall Street's expectations. These exclude special items and account for deferred revenue from games with online components.

The Redwood City, Calif., company is also affirming its guidance for the full fiscal year.

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