US Stocks Down In Morning Session (ERTS, WYNN, HAR)

Electronic Arts Inc. (NASDAQ:ERTS) dropped 4.32% to $15.50. The company reported a net loss for the fiscal second quarter ended September 30 of $201 million, or 61 cents a share, versus a net loss of $391 million, or $1.21 a share, in the year-ago period. Excluding items, EA’s had a profit of 10 cents a share, better than the average analyst estimate for a loss of 10 cents, according to Thomson Reuters. The 52-week range of the stock is $14.06-$20.24. Wynn Resorts, Limited (NASDAQ:WYNN) lost 1.97% to $110.35. The company lost $33.5 million, or 27 cents a share, on the period – a turn form a profit of $34.2 million, or 28 cents a share, in the same quarter of 2009. On an adjusted basis, the company would have earned 39 cents a share, up from 33 cents. Revenue soared to $1 billion from $773.1 million, due largely to a nearly 50% increase in revenue from Macau. The average estimate of analysts polled by FactSet Research had been for Wynn to earn 40 cents a share on revenue of $990 million. At current market price, the market capitalization of the company stands at $13.63 billion. Harman International Industries Inc./DE/ (NYSE:HAR)) dropped 1.01% to $37.20. Fiscal first-quarter net income from continuing operations was $25 million, or 35 cents a share, versus a net loss from continuing operations of $4 million, or 8 cents a share, in the same period a year earlier, the company said. Sales climbed 12% to $837 million — a 19% increase in local currency. The company also opened its first flagship store in Shanghai. Harman shares jumped 15% to $38.63 in morning trading Tuesday. That left the stock up 9.5% so far this year.
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