Investing.com - Electronic Arts (NASDAQ:EA) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.86 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $1.94 on revenue of $1.75B. That compared to EPS of $2.18 on revenue of $1.16B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $1.22B in the previous quarter.
Electronic Arts shares lost 8.67% to trade at $84.50 in after-hours trade following the report.
Electronic Arts follows other major Technology sector earnings this month
On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
IBM earnings beat analyst's expectations on January 22, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.73B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar