Technology | Multimedia & Graphics Software | USA
Electronic Arts stocks falls 10% after revenue miss
Electronic Arts Inc. EA, -13.62% shares plunged roughly 10% in the extended session Tuesday after the company missed sales expectations. The company reported fiscal third-quarter net income of $262 million, or 86 cents a share, compared with losses of $186 million, or 60 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were $2.30 a share. Revenue rose to $1.29 billion from $1.16 billion in the year-ago period; EA reported net bookings fell to $1.61 billion from $1.97 billion in the year-ago period.
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https://www.marketwatch.com/story/electr...2019-02-05
Electronic Arts stocks falls 10% after revenue miss
Electronic Arts Inc. EA, -13.62% shares plunged roughly 10% in the extended session Tuesday after the company missed sales expectations. The company reported fiscal third-quarter net income of $262 million, or 86 cents a share, compared with losses of $186 million, or 60 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were $2.30 a share. Revenue rose to $1.29 billion from $1.16 billion in the year-ago period; EA reported net bookings fell to $1.61 billion from $1.97 billion in the year-ago period.
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https://www.marketwatch.com/story/electr...2019-02-05