Electronic Arts Up 4% After hours : FYQ2 Rev, EPS Beat; Year View Beats
By Tiernan Ray
Video game maker Electronic Arts (EA) this afternoon reported fiscal Q2 results that topped analysts’ expectations, and forecast this quarter’s profit higher as well, despite revenue just shy of consensus, and offered a year view that was also better-than-expected.
Revenue in the three months ended in September rose to $1.22 billion, yielding EPS of 73 cents.
Analysts had been modeling $1.16 billion and 53 cents.
CEO Andrew Wilson called it an “excellent quarter,” citing “strong new titles.” EA said it was the number one publisher again on Sony’s (SNE) PlayStation 4 and on Microsoft’s (MSFT) Xbox One, with titles such as “FIFA 15,” and “Titanfall.”
For the current quarter, revenue of $1.27 billion and EPS of 90 cents. That compares to the average estimate for $1.29 billion and 85 cents.
For the full year, the company sees revenue of “approximately” $4.175billion, on a non-GAAP basis. That is slightly above consensus for $4.167 billion. EPS, excluding some costs, is expected in to be approximately $2.05, above consensus for $1.93 billion.
Shares are up 69 cents, or 3.7%, at $19.12, in late trading.
http://blogs.barrons.com/techtraderdaily/2014/10/28/electronic-arts-up-4-fyq2-rev-eps-beat-year-view-beats/?mod=yahoobarrons&ru=yahoo
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