REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported fiscal fourth-quarter earnings of $254 million.
The Redwood City, California-based company said it had profit of 98 cents per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The video game maker posted revenue of $1.9 billion in the period. Its adjusted revenue was $1.8 billion, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.56 billion.
For the year, the company reported profit of $1.12 billion, or $4.25 per share. Revenue was reported as $7.36 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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