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Stock impact report

Electronic Arts shares fall after first-quarter results [MarketWatch]

Electronic Arts Inc. (EA) 
Last electronic arts inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ea.com
Company Research Source: MarketWatch
Electronic Arts shares fall after first-quarter results Shares of Electronic Arts Inc. EA, -0.34% were falling 3% after hours Thursday after the company reported first-quarter earnings, but included a second-quarter forecast that disappointed. It reported net income of $644 million, or $2.06 per share, up from $440 million, or $1.40 per share, in the year-earlier period. The FactSet GAAP consensus was for earnings per share of $1.90. Net revenue was $1.45 million, up from $1.27 million in the year-earlier period. The FactSet consensus for total revenues was $1.43 million. For the second quarter, it expects net revenue of $955 million, with a net loss of $57 million and a loss per share of 18 cents. Analysts surveyed by FactSet had expected a GAAP loss per share of six cents and total revenue of $990 million. Shares of Electronic Arts have gained 25% in the past three months, outperforming the S&P 500 SPX, -0.10% which has gained 4%. Show less Read more
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