REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported fiscal first-quarter earnings of $402 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $1.47. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The video game maker posted revenue of $1.92 billion in the period. Its adjusted revenue was $1.58 billion, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $1.59 billion.
For the current quarter ending in September, Electronic Arts said it expects revenue in the range of $1.7 billion to $1.8 billion.
The company expects full-year earnings to be $3.42 to $3.92 per share, with revenue ranging from $7.3 billion to $7.7 billion.
_____
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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
