Electronic Arts (EA - Free Report) just released its second-quarter fiscal 2017 earnings results, posting adjusted earnings of $0.43 per share and adjusted revenue of $1.098 billion.
Currently, EA has a Zacks Rank #2 (Buy), 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.
Beat earnings estimates. The company posted adjusted earnings of 43 cents per share (excluding 56 cents from non-recurring items), which beat our Zacks Consensus Estimate of $0.29. EA’s reported loss of 13 cents per share did not include a change in deferred revenue of $200 million.
Beat revenue estimates. The company saw adjusted revenue figures of $1.098, beating our estimate of $1.091 billion.
For the full fiscal year, EA expects to see revenues of $4.77 billion and diluted earnings per share of $2.69. Our current consensus estimates call for earnings of $3.14 per share on revenues of $4.93 billion. EA also expects adjusted revenue of $2.04 billion for the holiday quarter, which comes in below our consensus estimate of $2.07 billion.
EA highlighted the performance of its EA Sports division. Over the trailing twelve-months, net sales from FIFA, Madden, and Hockey Ultimate Team are up 15%.
EA was up 2.75% to $75.70 as of 4:28 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Electronic Arts’ latest earnings performance:
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.
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