Game publisher EA beats Q1 views, disappoints on outlook

By | July 30, 2015

Scalper1 News

Video game publisher Electronic Arts (EA) late Thursday easily beat Wall Street estimates for the June quarter, and it raised its guidance for the full year. But EA stock was down 3% in after-hours trading after the earnings release, as the company’s guidance disappointed investors. During the regular session, EA rose a fraction to 72.30. EA shares hit an all-time high of 75.10 on July 21. The Redwood City, Calif.-based company earned 15 cents a share excluding items on sales of $693 million in its fiscal Q1 ended June 30. Analysts polled by Thomson Reuters expected 3 cents and $652 million. On a year-over-year basis, EPS fell 21% and sales dropped 11%. Scalper1 News

Scalper1 News