Electronic Arts (EA) Misses Q3 EPS by $1.87, Misses on Revenue
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Electronic Arts (EA) raises guidance but shares slip on soft Q4 numbers
January 30, 2024 4:13 PM EST(Updated - January 31, 2024 5:53 AM EST)
Electronic Arts (NYSE: EA) shares slipped after the video entertainment company reported mixed fourth-quarter results compared to analyst expectations.
The company's bookings, a key revenue measure in the gaming industry, amounted to $2.37 billion. This figure fell slightly short of the analyst estimate of $2.39 billion.
Revenue for the quarter came in at $1.95 billion, while analysts were looking for as much as $2.4 billion. EA also reported an adjusted profit of $2.96 per share, which... More
Electronic Arts misses quarterly bookings estimates on lower consumer spending
January 30, 2024 4:05 PM ESTBy Zaheer Kachwala
(Reuters) -Electronic Arts missed estimates for quarterly bookings on Tuesday, as lower spending and stiff competition hurt demand for its gaming titles.
Shares of the company fell more than 2% in extended trading.
Still-high interest rates causing gamers to tighten spending and stiff competition in the video game industry have hit the sales for EA's gaming titles such as "Star Wars Jedi: Survivor" during the holiday... More
