Electronic Arts (NASDAQ: EA) reported first quarter 2021 results that exceeded market’s estimates. Earnings of $1.25 per share topped analysts estimated earnings of $0.79 per share. Revenue soared 21% to $1.46 billion in the first quarter of 2021.
EA stock was trading up about 1% in the after-hours session.
For the fiscal year ending March 31, 2021, Electronic Arts projected net revenue of about $5.625 billion and EPS of $2.97.
For the second quarter of fiscal 2021, the gaming company expects EPS to be $0.21 and revenue to be about $1.125 billion.