EA Shares Rally 15+% Amid Much Better-Than-Expected Q4 Results, Strong Outlook
Shares of Electronic Arts (NASDAQ: EA) are one of the few stocks rising in Tuesday's post-market session after posting fourth-quarter results.
Revenue was 37.92 percent higher than expected at $1.12 billion. Sales grew by 7.69 percent year over year, but EPS of $0.48 dropped 12.72 percent. Amid the decline, EA's EPS beat the analyst consensus by an astounding 336.36 percent.
The company guided the first quarter to a $0.05 loss per share. If this figure is realized, it will be huge improvement over the past two years when Electronic Arts gave up $0.40 and $0.41 cents.
Electronic Arts guided EPS of $1.85 for the fiscal year 2015. This is a 10.8 percent increase over 2014's earnings of $1.67. Analysts on EA are currently looking for FY15 EPS of $1.52.
At last check, EA shares were trading at $32.40, 15.51 percent higher than Tuesday's closing price.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.