Electronic Arts Shares Fall After Q2 Release

Electronic Arts Inc. EA shares fell following the company's second quarter release after the market closed. The results were highly anticipated by industry counterparts, particularly competitor Take-Two Interactive Software, Inc. TTWO, which is set to release its own report on Wednesday.

• Electronic Arts reports Q2 EPS $(0.13)
• Revenues came in at $898 million
• Net sales for the trailing 12-month period are up 8 percent year-over-year
• Forward Guidance, Net Revenue is expected to be 4.775 billion in FY 2017
• EA repurchased 1.6 million shares in Q2 for $127 million

Shares of Electronic Arts were down nearly 3 percent at $75.85 after hours.