Categories AlphaGraphs, Earnings, Leisure & Entertainment
Infographic: Electronic Arts (EA) Q4 2020 earnings results
Electronic Arts’ (NASDAQ: EA) fourth quarter 2020 financial results beat the market’s estimates. However, lower-than-expected earnings outlook for fiscal 2021 dragged EA’s stock price in the extended-hours of the trading session. For Q4, the gaming firm reported earnings of $1.43 per share on revenue of $1.39 billion. This compares to the analysts’ EPS target of $0.98 and the revenue target of $1.19 billion.
As more people have been staying at home due to the lockdown raised out of the global pandemic, Electronic Arts experienced heightened levels of engagement during the quarter.
The Redwood City, California-based firm expects fiscal 2021 earnings to be $3.35 per share on revenue of $5.53 billion. Wall Street had projected the company to earn $4.96 per share for the current year. Shares of Electronic Arts, which hit a new 52-week high today, dropped about 4% after the earnings announcement.
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
