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Electronic Arts (EA) Stock Slides Following Q3 Earnings Release
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Electronic Arts (EA - Free Report) just released its third-quarter earnings results, posting non-GAAP earnings of $2.45 per share and non-GAAP revenue of $2.07 billion.
EA was down 1.95% to $81.80 in after-hours trading shortly after its earnings report was released.
Currently, EA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Electronic Arts:
Beat earnings estimates. The company posted non-GAAP earnings of $2.45 cents per share (excludes $2.45 from non-recurring items), beating our Zacks Consensus Estimate of $2.15 per share.
Beat revenue estimates. The company reported GAAP revenues $1.15 billion. The company saw non-GAAP revenue figures of $2.07 billion, just edging our estimate of $2.066 billion. The discrepancy between GAAP and non-GAAP results is related to deferred revenue from online-enabled games.
Digital net sales of $2.861 billion for the trailing-twelve-month period represents 60% of total net sales, up 18% year-over-year.
GAAP revenue and earnings for the fourth-quarter are expected to be $1.482 billion and $513 million, respectively.
“For the first time ever, we generated over $1 billion in operating cash flow in a quarter,” said Chief Financial Officer Blake Jorgensen. “This is a true testament to the innovation we built into Battlefield 1 and FIFA 17 and the continued strength of our digital live services.”
Here’s a graph that looks at Electronic Arts’ recent earnings performance:
Electronic Arts Inc. Price, Consensus and EPS Surprise
Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software, and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.
Check back later for our full analysis on the latest report from Electronic Arts!
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Electronic Arts (EA) Stock Slides Following Q3 Earnings Release
Electronic Arts (EA - Free Report) just released its third-quarter earnings results, posting non-GAAP earnings of $2.45 per share and non-GAAP revenue of $2.07 billion.
EA was down 1.95% to $81.80 in after-hours trading shortly after its earnings report was released.
Currently, EA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Electronic Arts:
Beat earnings estimates. The company posted non-GAAP earnings of $2.45 cents per share (excludes $2.45 from non-recurring items), beating our Zacks Consensus Estimate of $2.15 per share.
Beat revenue estimates. The company reported GAAP revenues $1.15 billion. The company saw non-GAAP revenue figures of $2.07 billion, just edging our estimate of $2.066 billion. The discrepancy between GAAP and non-GAAP results is related to deferred revenue from online-enabled games.
Digital net sales of $2.861 billion for the trailing-twelve-month period represents 60% of total net sales, up 18% year-over-year.
GAAP revenue and earnings for the fourth-quarter are expected to be $1.482 billion and $513 million, respectively.
“For the first time ever, we generated over $1 billion in operating cash flow in a quarter,” said Chief Financial Officer Blake Jorgensen. “This is a true testament to the innovation we built into Battlefield 1 and FIFA 17 and the continued strength of our digital live services.”
Here’s a graph that looks at Electronic Arts’ recent earnings performance:
Electronic Arts Inc. Price, Consensus and EPS Surprise
Electronic Arts Inc. Price, Consensus and EPS Surprise | Electronic Arts Inc. Quote
Electronic Arts Inc. operates in two principal business segments globally: EA Core business segment: creation, marketing and distribution of entertainment software, and the EA.com business segment: creation, marketing and distribution of entertainment software which can be played or sold online.
Check back later for our full analysis on the latest report from Electronic Arts!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>