REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. (EA) on Tuesday reported fiscal second-quarter profit of $137 million.
The Redwood City, California-based company said it had profit of 54 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to $1.21 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The video game maker posted revenue of $1.84 billion in the period. Its adjusted revenue was $1.82 billion, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.86 billion.
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