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Electronic Arts Beats Estimates For 13th Straight Quarter

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Electronic Arts Beats Estimates For 13th Straight Quarter

Electronic Arts Inc. (NASDAQ: EA) released its Q1 results after market close on Tuesday. Earnings per share came in above Wall Street consensus expectations.

Electronic Arts reported EPS of $0.07 and revenues of $682 million. Analyst consensus had an EPS estimate of $(0.02) and revenues of $651.29 million.

Full game downloads were up 15 percent year-over-year, while extra content subscriptions were up 3 percent year-over-year. Mobile revenue was up 16 percent year-over-year.

Electronic Arts beat EPS estimates every quarter over the last three years, and its Q1 report added to the streak.

"Our digital business drove this quarter, particularly outperformance from FIFA Ultimate Team on console and Star Wars: Galaxy of Heroes on mobile," said CFO Blake Jorgensen. "This success along with the launch of NBA LIVE Mobile gives us great confidence in our ability to operate and add new live services through the year."

Management saw FY17 GAAP EPS at about $2.56 and sales at $4.75 billion. In addition, Electronic Arts saw Q2 GAAP earnings per share of $(0.17) and sales of $915 million.

At time of writing, Electronic Arts traded at $76.75 in Tuesday's after-hours session, down 0.04 percent.

Posted-In: Earnings News Guidance Best of Benzinga

 

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