By Yasin Ebrahim
Investing.com - Electronic Arts (NASDAQ:EA) Wednesday raised its full-year guidance after reporting mixed second-quarter results as earnings missed, but revenue beat estimates.
EA was up 3.6% in after-hours trading following the report.
Electronic Arts announced earnings per share of $1.02 on revenue of $1.85 billion. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $1.76 billion. The company forecast full-year revenue of $7.54 billion.
Net bookings for the trailing twelve months was $7.08 billion, up 27% year-over-year.
“EA delivered another strong quarter, primarily driven by our EA SPORTS titles and Apex Legends,” said CFO Blake Jorgensen.
Looking ahead to the fiscal 2022, net revenue was raised to approximately $6.93 billion, up from $6.85 billion. Net bookings was raised to $7.63 billion, from $6.85 billion, above consensus for $7.55 billion.
"Based on our confidence in our franchises and live services, we are again raising guidance this quarter. We’re positioned for a strong holiday season driven by our exciting Battlefield 2042 game, with growth drivers in place for this year, next year, and beyond," Jorgensen added.
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