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Videogame Stock Roundup: EA, NTES Earnings, Glu Mobile Announces Update to Gordon Ramsay Dash

Earnings season is almost nearing its end with majority of the companies having reported results. Last week, we had Electronic Arts EA and NetEase Inc NTES reporting their results, whereas Glu Mobile Inc GLUU announced an update to its game Gordon Ramsay Dash, developed in association with Celebrity chef Gordon Ramsay.

Recap of the Developments

1. Earnings

Electronic Arts: EA reported fourth-quarter fiscal 2017 results, wherein earnings (on a GAAP basis) came in at $1.81 per share compared with the prior-year quarter’s earnings of $2.79.Per EA, total revenue (on a GAAP basis) came in at $1.527 billion, up 16.7% year over year. Continued increases in digital revenues and strength in mobile games (Star Wars: Galaxy of Heroes) and EA Sports titles like FIFA 17 and Battlefield 1 were the driving factors.

Revenues (including deferred revenues) were $1.092 billion, slightly lower than the Zacks Consensus Estimate of $1.093 billion.

Electronic Arts also announced a new share repurchase...