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.
Looking ahead to the fourth quarter, the company expects net revenue in the range of $925 million - $1.0 billion and non-GAAP net revenue in the range of $800 million - $850 million. Earnings are expected to be in the range of $0.05 - $0.23 per share. On a non-GAAP basis, earnings are expected to be in the range of $0.02 - $0.06 per share. Analysts currently anticipate the company to earn $0.13 per share on revenue of $850.97 million for the quarter.
For the first quarter net revenue is expected to be in the range of $710 million - $750 million and non-GAAP net revenue is expected to be in the range of $460 million - $500 million. For the quarter the company expects to report results in the range of loss $0.05 - profit $0.05 per share. On a non-GAAP basis, loss is expected to be in the range of $0.35 - $0.40 per share.
For the full year 2011, the company expects net revenue in the range of $3.45 billion - $3.70 billion and non-GAAP net revenue in the range of $3.65 billion - $3.90 billion. Loss for the full year is expected to be in the range of $0.60 - $0.90 per share. On a non-GAAP basis, earnings per are expected to be in the range of $0.50 - $0.70 per share. Analysts currently anticipate the company to earn $0.74 per share on revenue of $4.07 billion for the full 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.