Electronic Arts: Fiscal Q2 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 04:19 PM ET
Last Updated - Dec 16, 2024, 05:53 PM EST
REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported fiscal second-quarter profit of $294 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $1.11. Earnings, adjusted for stock option expense and non-recurring costs, were $2.15 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The video game maker posted revenue of $2.03 billion in the period. Its adjusted revenue was $2.08 billion, also beating Street forecasts. Nine analysts surveyed by Zacks expected $2.03 billion.