By Yasin Ebrahim
Investing.com -- Electronic Arts reported Tuesday a mixed fiscal third quarter as revenue fell short of Wall Street estimates and the video game company delivered fourth-quarter guidance that trailed expectations.
Electronic Arts Inc (NASDAQ:EA) fell more than 7% in afterhours trading following the report.
Electronic Arts announced earnings per share of $0.73 on revenue of $2.34 billion. Analysts anticipated EPS of $0.50 on revenue of $2.48B.
Net bookings for Q4 fell to $2.34B from $2.58B in the same period a year ago, with the company flagging the weaker macro environment as a drag on demand during the quarter.
Looking to the fourth quarter, the company guided EPS in a range of $0.05 to $0.20 on revenue of between $1.70B and $1.80B, below estimates of $2.22 and $2.24B, respectively. Net bookings are expected to be approximately $1.68B to $1.78B, the company said.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.