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EA beats revenue estimates, misses forecast

(Reuters) - Electronic Arts Inc beat first-quarter revenue estimates as demand rose for its popular titles including "Battlefield 1" and "The Sims", but forecast current-quarter revenue slightly below expectations.

Shares of the company, which maintained its full-year revenue and profit estimates, were down 3.9 percent at $113 in after the bell on Thursday. They hit a record high of $120.25 in regular trading.

EA expects second-quarter adjusted revenue of $1.16 billion, just shy of analysts' average estimate of $1.18 billion, according to Thomson Reuters I/B/E/S.

"FIFA 18", the latest version of EA's popular soccer franchise, is scheduled for release on Sept. 29, and football game "Madden NFL 18" on Aug. 25.

The company's adjusted revenue...


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