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Electronic Arts (EA) Soars On Earnings, Revenue Beat

Electronic Arts (EA) just released its fiscal fourth quarter results, posting earnings of $0.38 per share and revenue of $924 million.  

Currently, EA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Electronic Arts:                    

1. Beat earnings estimates. The company posted earnings of 38 cents per share (excludes $2.41 from non-recurring items), beating our Zacks Consensus Estimate of $0.30.

2. Beat revenue estimates. The company saw revenue figures of $924 million, beating our estimate of $866 million.   

3. This earnings report also included data for the company’s full fiscal 2016. For the full year, GAAP net revenue was $4.396 billion, and non-GAAP revenue was $4.566 billion.

4. For the company’s fiscal 2017, Electronic Arts expects revenues of $4.9 billion and earnings of $3.50.

5. EA was up $4.26, or 6.60%, to $68.80 as of 4:17 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at EA’s recent earnings performance:

 

 

Check back later for our full analysis on Electronic Arts’ latestquarterly earnings report!

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ELECTR ARTS INC (EA): Free Stock Analysis Report
 
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