Video-game maker Electronic Arts Inc. (EA), Tuesday fourth-quarter net income of $323 million or $1.05 per share, down from $400 million or $1.20 per share last year.
Adjusted earnings for the quarter improved to $169 million or $0.55 per share from $56 million or $0.17 per share last year. On average, 24 analysts polled by Thomson Reuters expected earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter dropped to $1.21 billion from $1.37 billion last year. Adjusted total revenues for the quarter grew to $1.04 billion from $977 million last year. Analysts estimated revenues $1.04 billion for the quarter.
Looking forward to first quarter, the company expects earnings of about $0.33 per share and adjusted loss of around $0.62 per share. The company expects revenues to be about $875 million and adjusted revenues of around $450 million for the first quarter.
Analysts currently estimate loss of $0.36 per share and revenues of $542.73 million for the quarter.
For the full year 2014, the company expects loss of about $0.97 per share, adjusted earnings of around $1.20 per share. The company expects net revenue of about $3.50 billion and adjusted revenues of around $4.00 billion.
Analysts currently estimate earnings of $1.10 per share on revenues of $4.10 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.