Wall Street Cheat Sheet submits:
Like an NFL team stuck rebuilding, video game giant Electronic Arts (ERTS) announced another lackluster quarter. Pro forma revenue was $1.147 billion, compared with the consensus estimate of $1.13 billion. Pro forma EPS was $0.06, compared with the consensus estimate of $0.07.
More importantly, ERTS is set to add 1,500 more people to the unemployment rosters. Although the company says the firings will save $100 million, this is still like a shitty NFL team releasing an expensive player: the team is still shitty.