Electronic Arts Earnings Miss, Revenue Beats In Q3 By Investing.com

© Reuters. Electronic Arts Earnings Miss, Revenue Beats In Q3

Investing.com – Electronic Arts (NASDAQ:) reported on Tuesday third quarter that missed analysts’ forecasts and revenue that topped expectations.

Electronic Arts announced earnings per share of $0.72 on revenue of $2.40B. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $2.38B.

Electronic Arts shares are up 3% from the beginning of the year, still down 0.83% from its 52 week high of $150.30 set on January 25. They are outperforming the S&P 500 which is up 1.83% from the start of the year.

Electronic Arts shares lost 5.20% 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 January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

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

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