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Electronic Arts Earnings Beat, Revenue Misses In Q2

Published 11/05/2020, 04:08 PM
© Reuters.  Electronic Arts Earnings Beat, Revenue Misses In Q2
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Investing.com - Electronic Arts (NASDAQ:EA) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Electronic Arts announced earnings per share of $0.63 on revenue of $910M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $964.61M.

Electronic Arts shares are up 19% from the beginning of the year, still down 12.91% from its 52 week high of $147.35 set on August 6. They are under-performing the Nasdaq which is up 32.52% from the start of the year.

Electronic Arts shares lost 6.49% in after-hours trade following the report.

Electronic Arts follows other major Technology sector earnings this month

Electronic Arts's report follows an earnings beat by Apple on October 29, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.

Microsoft had beat expectations on October 27 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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