PREVIEW: Electronic Arts edges down; results due after the bell
** Shares of Electronic Arts EA.O were inching lower in afternoon trading Tues ahead of the video game company's quarterly results due after the closing bell
** EA is expected to report a decrease in rev to $1.77 bln from $1.95 bln in the yr ago, and to post earnings of $1.52/shr vs $1.78 a yr ago, according to LSEG
** Investors are likely to focus on what the company says about demand for video game titles
** EA in late Feb said it will reduce 5% of its workforce as part of a restructuring plan, with the video game industry struggling to grow
** The company has beaten analysts' earnings expectations in all but one of the past eight reporting periods, with sole miss in Q3 2022
** Analyst recommendations on the stock include 17 "strong buy" or "buy" ratings, 13 "hold" ratings and no "sell" or "strong sell," based on LSEG data
** The median 12-mo price target is $151.07; the stock was last at $130.47
** Including the session move, EA's stock was down about 5% YTD compared with a roughly 9% gain in the Nasdaq .IXIC
Reporting by Caroline Valetkevitch
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