Investing.com - Electronic Arts (NASDAQ:EA) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $0.71 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $0.6244 on revenue of $1.28B.
Electronic Arts shares are down 2% from the beginning of the year and are trading at $139.87 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.68% from the start of the year.
Electronic Arts follows other major Communication Services sector earnings this month
Electronic Arts's report follows an earnings beat by Alphabet C on Tuesday, July 27, 2021, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on Wednesday, July 28, 2021 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
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