Electronic Arts Inc (EA) is an American developer, marketer, and distributor of video games. The company operates in two main global businesses: EA Core, which focuses on entertainment software, and EA.com, which concentrates on entertainment software that can be played or sold online. EA was founded in 1982 and is headquartered in Redwood City, California.
Currently, EA has a Zacks Rank #2 (Buy), 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.
EA:
1. Beat earnings estimates. The company posted $0.52 EPS, surpassing our Zacks Consensus Estimate of $0.33 (this number excludes $0.97 from non-recurring items).
2. Beat revenue estimates. The company saw revenue figures of $1.146 billion, beating our estimate of $1.108 billion.
3. Posted non-GAAP net revenue for EA’s FIFA, Madden NFL and Hockey Ultimate Team™ live services continue to perform well, collectively up 64% year-over-year.
4. CFO Blake Jorgensen said “Results exceeded our expectations again. Based on the ongoing strength of our business and reception of Star Wars Battlefront, we are raising our full-year outlook for the second time.”
5. EA was down $1.07, or 1.41%, to $74.99 as of 5:16 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph looking at EA’s long-term quarterly revenue:
Electronic Arts Inc. (EA – Analyst Report) Quarterly Revenue | FindTheCompany
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