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Electronic Arts Tumbles After Results, Outlook Come Up Short
- Rival Take-Two tops Wall Street views with results, forecast
- Video-game companies prep new titles for new console launches
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Not everyone is benefiting equally from surging video-game play during the pandemic.
Electronic Arts Inc., maker of the Madden NFL video games, tumbled in extended trading after reporting quarterly sales and a fiscal-year outlook that fell short of Wall Street estimates. But Take-Two Interactive Software Inc., a competitor, posted results that exceeded projections.