REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported a loss of $12 million in its fiscal fourth quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 4 cents. Earnings, adjusted for restructuring costs and stock option expense, were $1.20 per share.
The results fell short of Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The video game maker posted revenue of $1.87 billion in the period. Its adjusted revenue was $1.95 billion, beating Street forecasts. Ten analysts surveyed by Zacks expected $1.73 billion.
For the year, the company reported profit of $802 million, or $2.88 per share. Revenue was reported as $7.34 billion.
For the current quarter ending in June, Electronic Arts expects its per-share earnings to range from 98 cents to $1.14.
The company said it expects revenue in the range of $1.5 billion to $1.6 billion for the fiscal first quarter.
Electronic Arts expects full-year earnings in the range of $3.30 to $3.81 per share, with revenue ranging from $7.3 billion to $7.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EA at https://www.zacks.com/ap/EA
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