Electronic Arts: Fiscal Q2 Earnings Snapshot
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.
Electronic Arts expects full-year earnings to be $3.82 to $4.33 per share, with revenue in the range of $7.5 billion to $7.8 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
