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Electronic Arts Earnings Miss, Revenue Beats In Q3

Electronic Arts Earnings Miss, Revenue Beats In Q3

Investing.com - Electronic Arts (NASDAQ:EA) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Electronic Arts announced earnings per share of $1.18 on revenue of $1.98B. Analysts polled by Investing.com anticipated EPS of $2.51 on revenue of $1.96B. That with comparison to EPS of $2.3 on revenue of $1.61B in the same period a year before. Electronic Arts had reported EPS of $1.19 on revenue of $1.28B in the previous quarter. Analysts are expecting EPS of $0.98 and revenue of $1.2B in the upcoming quarter.

Electronic Arts shares are up 3.88% from the beginning of the year and are trading at $104.80 , still down 2.10% from its 52 week high of $114.08 set on January 24. They are broadly in line with the Nasdaq 100 which is up 3.79% year to date.

Electronic Arts shares lost 6.16% in after-hours trade following the report.


Electronic Arts follows other major Technology sector earnings this month

Electronic Arts's report follows an earnings beat by Apple on Tuesday, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.38B.

Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.32 on revenue of $35.67B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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