Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $1.43 on revenue of $1.21B. Analysts polled by Investing.com anticipated EPS of $0.97 on revenue of $1.18B. That with comparison to EPS of $1.56 on revenue of $1.36B in the same period a year before.Electronic Arts had reported EPS of $2.53 on revenue of $1.98B in the previous quarter.Analysts are expecting EPS of $0.35 and revenue of $833.11M in the upcoming quarter.
Electronic Arts shares are up 11% from the beginning of the year and are trading at $116.03 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 1.46% year to date.
Electronic Arts shares lost 2.98% in after-hours trade after the report.
Electronic Arts follows other major Technology sector earnings this month
Electronic Arts's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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