Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Electronic Arts announced earnings per share of $0.23 on revenue of $2.58B. Analysts polled by Investing.com anticipated EPS of $3.21 on revenue of $2.66B.
Electronic Arts shares are down 1% from the beginning of the year and are trading at $126.30 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 7.97% from the start of the year.
Electronic Arts shares lost 2.80% 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 beat by Alphabet C on Tuesday, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.78 on revenue of $72.19B.
Comcast had beat expectations on Thursday with fourth quarter EPS of $0.77 on revenue of $30.34B, compared to forecast for EPS of $0.7301 on revenue of $29.62B.
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