Electronic Arts Earnings, Revenue Miss in Q4
2022.05.10 23:31
Electronic Arts Earnings, Revenue Miss in Q4
Investing.com – Electronic Arts (NASDAQ:EA) reported on Tuesday fourth quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Electronic Arts announced earnings per share of $0.8 on revenue of $1.75B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $1.77B.
Electronic Arts shares are down 27% from the beginning of the year, still down 25.07% from its 52 week high of $148.93 set on June 15, 2021. They are under-performing the Nasdaq which is down 24.97% from the start of the year.
Electronic Arts shares lost 0.89% in after-hours trade following the report.
Electronic Arts follows other major Communication Services sector earnings this month
Electronic Arts’s report follows an earnings missed by Alphabet C on April 26, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of $2.72 on revenue of $27.91B, compared to forecast for EPS of $2.56 on revenue of $28.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
