Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $1.11 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $0.3283 on revenue of $1.26B.
Electronic Arts shares are down 31% from the beginning of the year, still down 12.77% from its 52 week high of $147.76 set on September 2, 2021. They are under-performing the Nasdaq 100 which is down 20.95% from the start of the year.
Electronic Arts shares gained 0.77% in after-hours trade following the report.
Electronic Arts follows other major Communication Services sector earnings this month
Electronic Arts's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on July 26 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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