Electronic Arts Inc. (NASDAQ:ERTS) second quarter results saw losses grow from the same period last year, but revenue also grew. EA raised its sales forecast for the holiday season, which is always big in the video game market. CEO John Riccitello said sales of their blockbuster hit Battlefield 3 were “very strong.” Battlefield 3 shipped over 10 million copies since launching this week and is about to release in Europe.

The loss for Electronic Arts added up to $340 million, or $1.03/share. In the same period last year, EA had a loss of $201 million or $0.61/share.

The adjusted earnings came out to be $0.05/share, exceeding most analysts expectations of $0.04/share. Revenue also exceeded analysts’ expectations with over $1 billion in revenue, while Wall Street expected $884 million. This revenue was boosted by video game juggernauts FIFA 12 and Madden 12.

During the conference call, Riccitello said, “Our results reflected a tremendous performance by our EA Sports titles and a strong showing on a new game on the Facebook platform, `The Sims Social.”’ He added, “We’re now focused on our biggest title for the holiday.”

The company is adjusting the bottom end of its full-year adjusted earnings to a range of $0.73 to $0.90. This is up from a low end of $0.70.

Shares of Electronic Arts Inc. (NASDAQ:ERTS) are down 2.5% in after-hours trading at $23.89.

Bank of America, Morgan Stanley and Citigroup are all rallying along with Wall Street today after big news from Europe on a euro zone debt deal. European leaders agreed today to cut Greece’s debt load and prevent the sovereign debt crisis from spreading to other larger countries such as Italy.

Bank of America Corporation (NYSE:BAC) is up 7.66% this afternoon at $7.09 with a high of $7.15. BAC is rallying along with the overall stock market despite being downgraded by Morgan Stanlely. Morgan Stanley downgraded BofA down to “equal weight” from “overweight,” and also warned that there are no stock gain catalysts in the near future.

Morgan Stanley (NYSE:MS) is the biggest winner in the financial sector today with gains of over 15% at $19.13. MS is up on above average volume with 36 million shares traded with about 2 hours left in the trading day.

Citigroup, Inc. (NYSE:C) is up over 8% today at $33.74 with an intraday high of over $34. A U.S. federal judge is questioning the settlement between the company and the SEC this afternoon. One of many questions the judge brought up is why Citigroup is only paying a $95 million which is one-fifth the fine that Goldman Sachs had to pay in a similar case last year. This news isn’t affecting Citigroup today though as it rallies with the overall stock market on the news out of Europe.

Other U.S. banks rallying today include Regions Financial Corporation (NYSE:RF) up 7.68%, SunTrust Banks, Inc. (NYSE:STI) up 8.30% and Goldman Sachs Group, Inc. (NYSE:GS) up 8.13%.

Chrysler Group LLC announced the companies second quarterly profit of the year this morning. The Auburn Hills, Michigan based company reported a 3Q profit of $212 million besting the same quarter from last year where the company lost $84 million. For the period ending September 30th, Chrysler reported a worldwide increase in vehicle sales of 24% while revenue increased by 19% to $13.1 billion.

This is a positive step for Chrysler, which has only seen two positive fiscal quarters since 2006. In the first three quarters of the year, Chrysler is in the red posting an overall loss of $42 million . This recent quarter is a step in the right direction for a company that recently underwent a change to Italy’s Fiat management team.

Sergio Marichonne, the CEO for both Fiat and Chrysler, said “This house(Chrysler) continues to be fully focused on financial performance and making outstanding cars and trucks by fully leveraging its alliance with Fiat.” Under the guidance of Marichonne Chrysler is one the verge of posting the first annual profit for the company since 2005.

Several other factors, including topping the charts in Consumer Reports reliability ranking, are helping to carry Chrysler to a stronger performance in the automotive industry. Combine a strong advertising campaign, with the recently ratified agreement with the United Auto Workers union, and Chrysler has a strong foundation to build on for the future.

ExxonMobil’s (NYSE:XOM) quarterly profit rose 41 percent as higher prices for oil and natural gas made up for lower production. ExxonMobil earned $10.33 billion, or $2.13 per share, in the third quarter. That compared with $7.35 billion, or $1.44 per share, a year earlier. Revenue rose 32 percent to $125.3 billion. Analysts had expected earnings of $2.12 per share on revenue of $118.5 billion, according to FactSet.

ExxonMobil’s strong performance was still well below its record profit of $14.83 billion in the third quarter of 2008.

ExxonMobil’s Chairman Rex Tillerson said, “ExxonMobil’s results for the third quarter of 2011 reflect a continued commitment to operational integrity, disciplined investing and superior project execution. Third quarter earnings of $10.3 billion were up 41% from the third quarter of 2010, reflecting higher crude oil and natural gas realizations and improved refining margins. Earnings for the first nine months of 2011 were $31.7 billion, up 49% over the first nine months of 2010. In the third quarter, capital and exploration expenditures were $8.6 billion, and reached a record level of $26.7 billion for the first nine months of the year as we continue pursuing new opportunities to meet growing energy demand while supporting economic growth, including job creation. Oil-equivalent production decreased 4% compared to the third quarter of 2010. Excluding the impacts of entitlement volumes, OPEC quota effects and divestments, production was in line with 2010. The Corporation distributed over $7 billion to shareholders in the third quarter through dividends and share purchases to reduce shares outstanding.”

ExxonMobil is based out of Irving, TX. Shares of ExxonMobil were trading up at 81.73 or 0.83% at 9:33 am ET.

The Proctor & Gamble Company (NYSE:PG) announced its first quarter results with a 1,9% slip in quarterly profit that was in line with Wall Street’s expectations. P&G earned $3.02 billion, or $1.03 per share, in the first quarter ended on September 30, compared with $3.08 billion, or $1.03 per share, a year earlier. Proctor & Gamble had fewer shares outstanding in the most recent quarter. Sales rose 8.9% to $21.92 billion. Organic sales rose 4%, coming in at the high end of the company’s 2 to 4% forecast.

Proctor & Gamble still expects full-year earnings of $4.17 to $4.33 per share, with sales up 3 to 6%. Analysts expect it to earn $4.20 per share this year. For the current second quarter, which ends in December, P&G forecast earnings of $1.05 to $1.11 per share, with sales growth of 3 to 5%.

Rising commodity costs have hurt the company’s bottom line. Proctor & Gamble has sought to cover the high commodity costs by ramping up cost-cutting measures and hiking prices on its consumer products. Gross margin narrowed to 49.5% from 51.8%, due mainly to higher commodity costs.

Operating cash flow was $2.2 billion for the quarter and free cash flow was $1.3 billion. The Company repurchased $1.3 billion of shares during the quarter and returned $1.5 billion of cash to shareholders as dividends.

“The first quarter was a good start to the fiscal year,” said Chairman of the Board, President and Chief Executive Officer Bob McDonald. “We maintained strong top-line growth momentum in a difficult operating environment. We are well positioned – due to continued top-line strength, recently implemented price increases and our productivity improvement and cost savings efforts – to improve earnings growth as we progress through the fiscal year.”

About Proctor & Gamble:

P&G serves approximately 4.4 billion people around the world with its brands. The Company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®, Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Fairy®, Gain®, Pringles®, Charmin®, Downy®, Lenor®, Iams®, Crest®, Oral-B®, Duracell®, Olay®, Head & Shoulders®, Wella®, Gillette®, Braun®, Fusion®, Ace®, Febreze®, and Ambi Pur®.

Dow Chemical Company (NYSE:DOW) shares are up in pre-dawn trading sessions with shares climbing 5% to $28.23 per share. The sharp increase in share prices comes after the release of Dow Chemical’s 3Q fiscal report. Dow reported a net income of $815 million, or $.69 per share versus $.45 per share or $512 million during the same period in 2010. This shows a 59% increase in net income.

Analyst had expected revenue $14.63 billion with a net income of $.63 per share. Dow Chemical surpassed those revenue expectations while posting $15.11 billion in revenue for the quarter. Dow announced that revenue grew within all segments of the company most of which saw gains in the10% or greater range.

With gains being posted early this morning, Dow is looking to gain back some of the value it lost during the previous 52 weeks which saw the company lose nearly $21 a share from a 52-week high of $42.23 per share.

About Dow Chemical Company:

The Dow Chemical Company manufactures and supplies products used as raw materials in the production of customer products and services worldwide. The company offers materials for chemical mechanical planarization pads and slurries, chemical processing aids and intermediates, electronic displays, food and pharmaceutical processing and ingredients.

Visa Inc. (NYSE:V) shares are trading slightly below the previous close in the pre-dawn trading hours. Shares are currently down about 2% at 89.97 per share. The decline in share price in extended hours trading comes after Visa reports a 14% increase in profit but fell short of Wall Street analyst expectations.

Visa announced that the credit and debit card company earned $880 million, or $1.27 per share for the company’s fourth quarter that ended on September 30. Revenue for the same period rose to $2.38 billion from $2.12 billion during the same period in 2010. Analysts had expected a profit of $1.25 per share.

Visa missed out on analyst expectations with revenue falling just short of the $2.40 billion forecast by Wall Street. Visa has been trying to get merchants to stay with the company through an incentive program. These incentives have cost the credit card giant $576 million and was the leading reason for Visa missing Wall Street’s forecast.

Visa is continuing a share repurchase plan and the board of director recently approved another $1 billion toward the repurchase program. To date over 43 million shares have been purchased under the buyback program.

About Visa Inc:

Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.