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Electronic Arts Earnings, Revenue Beat in Q1

Published 07/30/2020, 04:06 PM
Updated 07/30/2020, 04:06 PM
© Reuters.  Electronic Arts Earnings, Revenue Beat in Q1

© Reuters. Electronic Arts Earnings, Revenue Beat in Q1

Investing.com - Electronic Arts (NASDAQ:EA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Electronic Arts announced earnings per share of $1.25 on revenue of $1.39B. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $1.05B.

Electronic Arts shares are up 28% from the beginning of the year , still down 2.64% from its 52 week high of $142.31 set on July 20. They are outperforming the S&P 500 which is up 0.52% from the start of the year.

Electronic Arts shares lost 2.03% in after-hours trade following the report.

Electronic Arts follows other major Technology sector earnings this month

Electronic Arts's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.

Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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