Electronic Arts Reports Q3 FY23 Financial Results
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BoA cuts Electronic Arts (EA) to neutral following poor 3Q report
February 1, 2023 11:07 AM ESTBank of America downgraded Electronic Arts (NASDAQ: EA) to a Neutral (From Buy) rating and cut the price target to $130.00 (From $155.00) following the video game companys 3Q miss.
EA reported 3Q net bookings of $2.34Bn (-5% Y/Y CC), below Streets estimate at $2.49Bn, with both Full Game and PC/Console Live Services well below the Street. Weakness in small titles and new... More
Electronic Arts (EA) Misses Q3 EPS by $2.31, Misses on Revenue; Offers FY23 Revenue Guidance
January 31, 2023 4:03 PM ESTElectronic Arts (NASDAQ: EA) reported Q3 EPS of $0.73, $2.31 worse than the analyst estimate of $3.04. Revenue for the quarter came in at $1.88 billion. Net bookings for the quarter were $2.342 billion, versus the consensus estimate of $2.48 billion.
GUIDANCE:
Electronic Arts sees FY2023 revenue... More
