U.S. Markets open in 2 hrs 35 mins
  • S&P Futures

    3,909.50
    -13.00 (-0.33%)
     
  • Dow Futures

    31,923.00
    +7.00 (+0.02%)
     
  • Nasdaq Futures

    13,164.50
    -137.50 (-1.03%)
     
  • Russell 2000 Futures

    2,290.80
    +5.70 (+0.25%)
     
  • Crude Oil

    63.34
    +0.12 (+0.19%)
     
  • Gold

    1,783.80
    -14.10 (-0.78%)
     
  • Silver

    27.89
    +0.03 (+0.11%)
     
  • EUR/USD

    1.2231
    +0.0063 (+0.5137%)
     
  • 10-Yr Bond

    1.3890
    0.0000 (0.00%)
     
  • Vix

    22.67
    -0.44 (-1.90%)
     
  • GBP/USD

    1.4132
    -0.0009 (-0.0664%)
     
  • USD/JPY

    106.1300
    +0.2480 (+0.2342%)
     
  • BTC-USD

    50,133.45
    -384.92 (-0.76%)
     
  • CMC Crypto 200

    1,003.22
    +8.55 (+0.86%)
     
  • FTSE 100

    6,676.96
    +17.99 (+0.27%)
     
  • Nikkei 225

    30,168.27
    +496.57 (+1.67%)
     

Electronic Arts: Fiscal 3Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

REDWOOD CITY, Calif. (AP) _ Electronic Arts Inc. (EA) on Tuesday reported fiscal third-quarter profit of $211 million.

On a per-share basis, the Redwood City, California-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $3.09 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.

The video game maker posted revenue of $1.67 billion in the period. Its adjusted revenue was $2.4 billion, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $2.38 billion.

For the current quarter ending in March, Electronic Arts said it expects revenue in the range of $1.32 billion.

The company expects full-year earnings to be $2.54 per share, with revenue expected to be $5.6 billion.

Electronic Arts shares have increased nearly 4% since the beginning of the year, while the Standard & Poor's 500 index has climbed 2%. In the final minutes of trading on Tuesday, shares hit $149.22, a climb of 42% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EA at https://www.zacks.com/ap/EA