Investing.com - Electronic Arts reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $4.75 on revenue of $743M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $720.94M. That compared to EPS of $0.15 on revenue of $749M in the same period a year earlier. The company had reported EPS of $1.56 on revenue of $1.36B in the previous quarter.
Electronic Arts shares gained 3.20% to trade at $91.40 in after-hours trade following the report.
Electronic Arts follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet C earnings beat analysts' expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94B. Investing.com analysts expected EPS of $11.1 on revenue of $38.15B
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