Electronic Arts has reported its fourth-quarter earnings. EA did fairly well, meeting some analyst predictions. The gaming company reported fourth-quarter revenues of $1.04 billion, exactly matching predictions by analysts. However, its earnings-per-share were not quite as high as analysts predicted.
EA reported earnings-per-share of $0.55. Analysts expected the gaming giant to report EPS of $0.58. Interestingly, this miss hasn't hurt EA's stock price. In fact, EA's stock price has increased by about seven percent in after-hours trading. This is probably a result of EA's strong mobile performance and the multi-year exclusive Star Wars contract signed with Disney yesterday.
EA executive chairman Larry Probst:
As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms. With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY 2014 and beyond.