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Electronic Arts Inc. (EA) Jumped To A New High On Q3 Results

Electronic Arts Inc. (EA) reported third quarter revenues of $1.23 billion after the close Tuesday, which exceeded analysts' expectations of $1.18 billion. The company reported a loss of $0.60 per share, which included a charge of $176 million.

Electronic Arts gapped open sharply higher Wednesday, but traded in a range for the majority of the session. The stock closed up by 8.26 at $126.96 on the highest volume of the year. Electronic Arts jumped to a new high for the year.

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