logo
Plus   Neg
Share
Email

Electronic Arts Inc. (EA) Is Losing Ground After Guidance Disappoints

Electronic Arts Inc. (EA) reported second quarter EPS of $0.83 after the bell Tuesday, compared to the loss of $0.07 a year ago. Revenues came in at $1.29 billion. Street expectations were for EPS of $0.58 and revenues of $1.18 billion.

The company expects to report full year EPS of $3.11 and revenues of $5.15 billion. The consensus estimates are for EPS of $4.61 and revenues of $5.27 billion. The stock is now down 3.83 on 143K shares.

Electronic Arts rose in early trade Tuesday and advanced further around midday. Shares finished with a gain of 3.64 at $94.83.

For comments and feedback contact: editorial@rttnews.com

Business News

After hours

0 Articles
Follow RTT