Electronic Arts Inc. (EA – Analyst Report) just released their third quarter fiscal 2016 earnings results, posting earnings of $1.73 and revenue of $1.07 billion.
Currently, EW has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Electronic Arts:
1. Beat earnings estimates. The company posted $1.73, beating/missing our Zacks Consensus Estimate of $1.70. This number excludes $1.87 from non-recurring items.
2. Missed revenue estimates. The company saw revenue figures of $1.07 billion, surpassing/missing our estimate of $1.801 billion.
3. Revenues have fallen by 5% from this quarter last year, when EA saw revenues of $1.12 billion.
4. “Our results were driven by strong performances from STAR WARS Battlefront, Need for Speed, Ultimate Team and catalog titles”-CFO Blake Jorgensen.
5. EA was down $5.79, or 8.6%%, to $64.05 as of 4:15 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at EA’s quarterly revenue and growth rate:
Electronic Arts Inc. (EA – Analyst Report) Quarterly Revenue & Growth Rate | FindTheCompany
Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment, which is the creation, marketing and distribution of entertainment software and the EA.com business segment, which is the creation, marketing and distribution of entertainment software which can be played or sold online. EA is headquartered in Redwood City, California and was founded in 1982.
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