Video game publisher Electronic Arts (EA) late Tuesday missed Wall Street's targets for its fiscal fourth quarter and gave a soft outlook for the current quarter and year ahead. EA stock fell in extended trading.X The Redwood City, Calif.-based company earned an adjusted $1.37 a share on net bookings of $1.67 billion in the quarter ended March 31. Analysts polled by FactSet had expected EA earnings of $1.52 a share on sales of $1.78 billion. In the year-earlier period, EA earned an adjusted $1.78 a share on ...

Exhibit 99.1 Electronic Arts Reports Q4 and FY24 Results EA SPORTSTM Momentum Continued in FY24, Company Delivers Record Fiscal Year Cash Flow REDWOOD CITY, CA – May 7, 2024 – (NASDAQ: EA) today announced preliminary financial results for its fourth quarter and fiscal year ended March 31, 2024. “This year, EA delivered bigger, bolder world class entertainment that engaged and connected hundreds of millions of players and fans,” said Andrew Wilson, CEO of EA. “We will continue to build on this strong momentu ...

Wall Street analysts forecast that Electronic Arts (EA) will report quarterly earnings of $1.55 per share in its upcoming release, pointing to a year-over-year decline of 12.4%. It is anticipated that revenues will amount to $1.78 billion, exhibiting a decline of 8.5% compared to the year-ago quarter.The current level reflects a downward revision of 28.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised t ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Heisman Trophy-winner and former Baylor quarterback Robert Griffin III is greeted by Holly Johnson on the Baylor campus, Monday, Feb. 27, 2012, in Waco, Texas, where he posed for photos for EA Sports NCAA Football 13 video game to be released in July. Video-game developer EA Sports is breaking back into the college football worl ...

These video game companies possess winning formulas for long-term success.The video game industry has come a long way from its roots, gobbling up spare change slotted into arcade machines. In 2024, the gaming market is expected to reach a massive $282.3 billion, and it's still growing.By 2027, forecasts predict video games will generate $363.2 billion. To achieve this size, gaming businesses have evolved to generate sales in multiple ways.Finding winning gaming stocks means identifying companies that have m ...

The Zacks Toys - Games – Hobbies industry benefits from the robust demand for smart toys, STEM (Science, Technology, Engineering and Math) toys, sports toys and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. These firms, including Electronic Arts Inc. (EA) , Mattel, Inc. (MAT) and JAKKS Pacific, Inc. (JAKK) , are likely to gain from the trends above. However, hi ...

Key PointsElectronic Arts is a major video game publisher with the hottest franchises including Madden NFL, EA Sports FC, The Simms, Need for Speed, Apex Legends and Battlefield.Electronic Arts offers a $5.99 EA Play subscription, providing members access to its library of video games, and has over 600 million active gamers signed up to its EA players network.Take-Two Interactive is one of the best-selling video game franchises with its Grand Theft Auto series, as fans eagerly await the release of Grand The ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Electronic Arts (EA) , which belongs to the Zacks Toys - Games - Hobbies industry, could be a great candidate to consider.This video game maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.17%.For the last reported quarter, Electronic Arts ...

fhogue/iStock Editorial via Getty Images Electronic Arts (NASDAQ:EA) is advancing its operations through prudent integrations of AI, which its CEO describes as having the potential to increase its network by 50% and increase business efficiency by 30%. As such, this seems like a prudent time to become or to stay an EA shareholder. In addition, based on my value analysis, the company looks moderately undervalued based on my conservative model, and it has a strong capital structure compared to its peers. Over ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Today, in celebration of Women’s History Month, EA SPORTS FC announced a new sponsorship deal with long-standing partners UEFA, to become title partners of their Women In Football Leadership Programme (WFLP). Now in its tenth year, the WFLP is an annual week-long programme, supported by the IMD Business School, aimed at advancing the careers of women capable of influencing the football industry, both today and in the future. The programme has been running since 2014, ...