Scalper1 News
Electronic Arts (EA) jumped to a six-year high on the stock market today after the video game publisher crushed fiscal second-quarter forecasts late Tuesday. EA earned 73 cents a share excluding items, up 121% year-over-year and topping Wall Street’s target of 53 cents for the Sept. 30-ended quarter. Sales rose 17% to $1.22 billion, beating the forecast of $1.16 billion among analysts polled by Thomson Reuters. The Redwood City, Calif.-based company also raised its annual revenue guidance by $75 million to $4.175 billion and adjusted EPS by 20 cents to $2.05. EA stock was up 4% in early afternoon trading today, near 39. EA credited hot-selling games for next-generation consoles from Microsoft (MSFT) and Sony (SNE) for the outperformance last quarter. This year, EA is the No. 1 publisher on Microsoft’s Xbox One and Sony’s PlayStation 4 “in the Western World,” led by such games… Scalper1 News
Scalper1 News