Video game publishing giant Electronic Arts (EA) is to shed more than 500 jobs, after the firm announced lower than expected profits for the year.
Nearly 20% of its share value was wiped out after the profit warning, with its shares closing at $22.78.
EA said that higher development and marketing costs, as well as delays to the latest Harry Potter video game, were to blame.
However, this was offset by the success of titles such as Spore and NFL 09.
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