Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday third quarter earnings 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 and are trading at $141.30 , down-from-52-week-high.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 Wednesday, January 27, 2021, 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 Tuesday, January 26, 2021 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.
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