Electronic Arts: Fiscal Q4 Earnings Snapshot
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported fiscal fourth-quarter earnings of $182 million.
The Redwood City, California-based company said it had net income of 67 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.37 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The video game maker posted revenue of $1.78 billion in the period. Its adjusted revenue was $1.67 billion, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $1.78 billion.
For the year, the company reported profit of $1.27 billion, or $4.70 per share. Revenue was reported as $7.43 billion.
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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
