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EA revenue beats estimates, first-quarter forecast falls short
May 7 (Reuters) - Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, riding on the strength of its latest battle royale sensation, "Apex Legends", but its sales forecast for the current quarter fell short of estimates.
EA said it expects first-quarter adjusted revenue of $690 million, well below analysts' estimates of $807.8 million. Its full-year adjusted revenue forecast of $5.10 billion was also below estimates of $5.16 billion.
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On an adjusted basis, EA's fourth-quarter revenue was $1.36 billion, beating estimates of $1.20 billion, according to IBES data from Refinitiv.
The company's net income fell to $209 million, or 69 cents per share, in the fourth quarter ended March 31 from $607 million, or $1.95 per share, a year earlier. (Reporting by Arjun Panchadar in Bengaluru)
https://finance.yahoo.com/news/ea-revenu...40051.html
Electronic Arts nachbörslich +5,7% auf 98US$
![[Bild: EAc1dl1650.png]](https://finviz.com/publish/050719/EAc1dl1650.png)
May 7 (Reuters) - Electronic Arts Inc posted better-than-expected quarterly revenue on Tuesday, riding on the strength of its latest battle royale sensation, "Apex Legends", but its sales forecast for the current quarter fell short of estimates.
EA said it expects first-quarter adjusted revenue of $690 million, well below analysts' estimates of $807.8 million. Its full-year adjusted revenue forecast of $5.10 billion was also below estimates of $5.16 billion.
...
On an adjusted basis, EA's fourth-quarter revenue was $1.36 billion, beating estimates of $1.20 billion, according to IBES data from Refinitiv.
The company's net income fell to $209 million, or 69 cents per share, in the fourth quarter ended March 31 from $607 million, or $1.95 per share, a year earlier. (Reporting by Arjun Panchadar in Bengaluru)
https://finance.yahoo.com/news/ea-revenu...40051.html
Electronic Arts nachbörslich +5,7% auf 98US$
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