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Electronic Arts Fiscal Q1 Earnings, Revenue Fall; Fiscal 2025 Guidance Reiterated
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Electronic Arts Fiscal Q1 Earnings, Revenue Fall; Fiscal 2025 Guidance Reiterated
Jul 30, 2024 1:40 PM

04:28 PM EDT, 07/30/2024 (MT Newswires) -- Electronic Arts ( EA ) reported fiscal Q1 earnings late Tuesday of $1.04 per diluted share, down from $1.47 a year earlier.

Analysts surveyed by Capital IQ expected $0.88.

Revenue for the quarter ended June 30 fell to $1.66 billion from $1.92 billion a year earlier.

The company expects fiscal Q2 EPS of $0.76 to $0.93 on revenue of $1.9 billion to $2 billion. Analysts surveyed by Capital IQ expect EPS of $0.85.

The company reiterated its fiscal year 2025 estimates with EPS of $3.34 to $4 on revenue of $7.1 billion to $7.5 billion. Analysts surveyed by Capital IQ expect EPS of $3.99.

The company maintained a quarterly dividend of $0.19 a share, payable Sept. 18 to stockholders of record on Aug. 28.

Shares of the company were up 1.6% in recent after-hours activity.

Price: 151.50, Change: +2.38, Percent Change: +1.60

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