Monday, Electronic Arts Inc. (ERTS) reported a third-quarter net loss of $82 million or $0.25 per per share, compared to a loss of $641 million or $2.00 per share in the same quarter last year.
On a non-GAAP basis, net income was $109 million or $0.33 per share, compared to $179 million or $0.56 per share in the year ago quarter.
On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue for the quarter was $1.24 billion, down from $1.65 billion in the comparable quarter last year. On a non-GAAP basis, net revenue was $1.35 billion, down 23% from $1.74 billion in the previous year quarter. Analysts expected the company to report revenue of $1.34 billion for the quarter.
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