Electronic Arts slashes 2013 outlook as industry struggles

SAN FRANCISCO (Reuters) – Electronic Arts Inc slashed its fiscal 2013 earnings forecast after a weaker-than-expected holiday quarter marked by disappointing sales of its “Medal of Honor” title, as the industry struggles with flagging demand. The games maker forecast non-GAAP revenue for the year to end-March of $ 3.8 billion to $ 3.9 billion and earnings of $ 0.86 to $ 1.00 per share from $ 1.00 to $ 1.15 per share previously, down about 13 percent at the mid-point. …

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