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EA reports fourth-quarter earnings, misses earnings-per-share predictions

EA reports fourth-quarter earnings, misses earnings-per-share, meets revenue predictions

| Business, Financial & Legal News | Posted: May 7, 2013 10:31 pm

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.

 

TweakTown image news/3/0/30226_1_ea_reports_fourth_quarter_earnings_misses_earnings_per_share_predictions.jpg

 

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.

NEWS SOURCE
Allthingsd.com

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