REDWOOD CITY, Calif. (AP) _ Electronic Arts Inc. (EA) on Thursday reported fiscal first-quarter profit of $365 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $1.25. Earnings, adjusted for one-time gains and costs, were $1.36 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The video game maker posted revenue of $1.46 billion in the period. Its adjusted revenue was $1.39 billion, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $1.08 billion.
For the current quarter ending in October, Electronic Arts said it expects revenue in the range of $875 million.
The company expects full-year revenue of $5.95 billion.
Electronic Arts shares have increased 29% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $138.59, a rise of 56% in the last 12 months.