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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.

@tracehagan
Published Tue, May 7 2013 5:31 PM CDT   |   Updated Tue, Nov 3 2020 12:23 PM CST

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 reports fourth-quarter earnings, misses earnings-per-share predictions | TweakTown.com

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

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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