Categories AlphaGraphs, Earnings, Leisure & Entertainment
Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts’ forecast.
During the March quarter, net bookings rose 19% from last year to $1.49 billion, while revenues decreased by 3% to $1.35 billion.
Earnings of the Redwood City, California-based company declined to $76 million or $0.26 per share from $418 million or $1.43 per share in the fourth quarter of 2020. Analysts were looking for a bigger bottom-line number for the latest quarter.
Read management/analysts’ comments on Electronic Arts’ Q4 report
Electronic Arts’ shares had a positive start to 2021 and reached an all-time high in early February. The stock declined Tuesday evening following the announcement, after closing the regular session higher.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
