Recap: Electronic Arts Q2 Earnings

Electronic Arts EA reported its Q2 earnings results on Wednesday, November 3, 2021 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Electronic Arts their estimated earnings by 35.04%, reporting an EPS of $1.58 versus an estimate of $1.17, which surprised analysts.

Revenue was up $700,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17, which was followed by a 2.17% drop in the share price the next day.

Here's a look at Electronic Arts's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Electronic Arts management provided guidance for their next quarter, expecting earnings between $1.1 and $1.1 per share for the nextquarter.

This represents a -30.38% in quarter-over-quarter growth for Electronic Arts, a bearish signal to many investors.

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