Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Electronic Arts announced earnings per share of $0.8 on revenue of $1.75B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $1.77B.
Electronic Arts shares are down 15% from the beginning of the year and are trading at $110.61 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.05% from the start of the year.
Electronic Arts shares lost 0.89% in after-hours trade after the report.
Electronic Arts follows other major Communication Services sector earnings this month
Electronic Arts's report follows an earnings missed by Alphabet C on Tuesday, April 26, 2022, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.
Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of $2.72 on revenue of $27.91B, compared to forecast for EPS of $2.56 on revenue of $28.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar