Electronic Arts Inc reports results for the quarter ended June 30 - Earnings Summary

• Electronic Arts Inc EA.OQ reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from -19 cents to 36 cents per share.

• Revenue rose 2.9% to $1.30 billion from a year ago; analysts expected $1.28 billion.

• Electronic Arts Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $201 million.

• Electronic Arts Inc shares had fallen by 4.8% this quarter and gained 3.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 78.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 18 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Electronic Arts Inc is $167.00, about 9% above its last closing price of $151.99

This summary was machine generated from LSEG data July 29 at 09:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)