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Electronic Arts Inc. (EA) Beats On Q1 Earnings and Revenues, Provides Weakened Guidance
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…
ELECTR ARTS INC Price and EPS Surprise
ELECTR ARTS INC Price and EPS Surprise | ELECTR ARTS INC Quote
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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