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Electronic Arts Down 4%: FYQ1 Beats; Q2, Year Views Miss

Shares of video game giant Electronic Arts (EA) are down $3.05, or 4%, at $69.25, in late trading, after the company this afternoon reported fiscal Q1 reenue and projft that easily topped analysts’ expectations, but forecast revenue and rpfoit this quarter and for the full year, below consensus.

Revenue in the three months ended in June declined 10.5%, year over year, to $693 million, on a non-GAAP basis, yielding EPS of 15 cents.

Analysts had been modeling $654 million and 2 cents a share.

CEO Andrew Wilson called the quarter’s results “a great start” to the year,” noting the...