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The company's chief rival, Activision Blizzard Inc ATVI.O, will launch its "Call of Duty: Modern Warfare 2" on Tuesday, in the most anticipated game launch of the year.ĮA forecast full-year earnings per share at 70 cents to $1, excluding items, on non-GAAP revenue of $4.2 billion to $4.4 billion. EA lowered its 2009 industry outlook for packaged good software sales. Like its rivals, EA expressed concern about the all-important holiday season, saying retailers remain cautious and consumers are not showing up consistently. The company, whose shares fell 2 percent in after-hours trade, also plans to narrow its product portfolio to focus on higher margin games and said it expects to publish fewer than 40 titles next fiscal year, down from around 60 last year. SAN FRANCISCO (Reuters) - Electronic Arts Inc ERTS.O posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce, in another round of restructuring for the video game publisher.
