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
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company