Electronic Arts Inc. (EA - Free Report) just released its first quarter fiscal 2017 earnings results, posting earnings of -$0.08 per share (excluding special items) and revenue of $682 million.
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 Inc.:
Beat earnings estimates. The company posted earnings of -$0.08 per share (excluding special items), above the Zacks Consensus Estimate of -$0.14 per share.
Beat revenue estimates. The company saw revenue figures of $682 million, above our consensus estimate of $651.29 million and decreasing 1.6% year-over-year.
Adjusted sales from EA’s digital business rose 6.8% to about $568 million and accounted for 83.3% of total revenue.
Expects full-year earnings to be $2.56 per share, with revenue expected to be $4.75 billion.
EA was down $1.28, or -1.67%, to $75.50 as of 4:40 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Electronic Arts’ share price and EPS surprises since 2015…
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes digital interactive entertainment games primarily under the FIFA, Madden NFL, Star Wars, Battlefield, The Sims, Need for Speed, Mass Effect, Dragon Age, Plants vs. Zombies, and Titanfall brand names.
Check back later for our full analysis onEA’s second quarter earnings report!
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Electronic Arts Inc. (EA - Free Report) just released its first quarter fiscal 2017 earnings results, posting earnings of -$0.08 per share (excluding special items) and revenue of $682 million.
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 Inc.:
Beat earnings estimates. The company posted earnings of -$0.08 per share (excluding special items), above the Zacks Consensus Estimate of -$0.14 per share.
Beat revenue estimates. The company saw revenue figures of $682 million, above our consensus estimate of $651.29 million and decreasing 1.6% year-over-year.
Adjusted sales from EA’s digital business rose 6.8% to about $568 million and accounted for 83.3% of total revenue.
Expects full-year earnings to be $2.56 per share, with revenue expected to be $4.75 billion.
EA was down $1.28, or -1.67%, to $75.50 as of 4:40 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Electronic Arts’ share price and EPS surprises since 2015…
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for consoles, personal computers, mobile phones, and tablets worldwide. It develops and publishes digital interactive entertainment games primarily under the FIFA, Madden NFL, Star Wars, Battlefield, The Sims, Need for Speed, Mass Effect, Dragon Age, Plants vs. Zombies, and Titanfall brand names.
Check back later for our full analysis onEA’s second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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