financetom
Business
financetom
/
Business
/
Electronic Arts Fiscal Q2 EPS Falls, Net Revenue Increases; Q3 Outlook Set
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Electronic Arts Fiscal Q2 EPS Falls, Net Revenue Increases; Q3 Outlook Set
Nov 3, 2024 2:26 PM

05:06 PM EDT, 10/29/2024 (MT Newswires) -- Electronic Arts ( EA ) reported fiscal Q2 earnings Tuesday of $1.11 per diluted share, down from $1.47 a year earlier.

Analysts polled by Capital IQ expected $0.89.

Net revenue for the quarter ended Sept. 30 was $2.03 billion, up from $1.91 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.03 billion.

The company said it expects fiscal Q3 diluted EPS between $0.85 and $1.02 and net revenue between $1.88 billion and $2.03 billion.

Analysts polled by Capital IQ expect $1.38 and $2.53 billion.

The company expects fiscal 2025 diluted EPS between $3.82 and $4.33 and net revenue between $7.40 billion and $7.70 billion.

The previous guidance was EPS between $3.34 and $4.00 and revenue between $7.1 billion and $7.5 billion.

Analysts surveyed by Capital IQ expect $4.11 and $7.59 billion.

The company maintained a quarterly dividend of $0.19 per share, payable on Dec. 18 to shareholders on Nov. 27.

Shares of Electronic Arts ( EA ) were up 1.3% in after-hours trading.

Price: 147.53, Change: +1.91, Percent Change: +1.31

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kennedy-Wilson Holdings Insider Bought Shares Worth $1,272,000, According to a Recent SEC Filing
Kennedy-Wilson Holdings Insider Bought Shares Worth $1,272,000, According to a Recent SEC Filing
May 26, 2025
03:21 AM EDT, 05/16/2025 (MT Newswires) -- William J McMorrow, Director, Chairman and Chief Executive Officer, on May 15, 2025, executed a purchase for 200,000 shares in Kennedy-Wilson Holdings ( KW ) for $1,272,000. Following the Form 4 filing with the SEC, McMorrow has control over a total of 11,972,373 common shares of the company, with 3,823,562 shares held directly...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Wistron says new US plants will be ready for Nvidia's server production next year
Wistron says new US plants will be ready for Nvidia's server production next year
May 26, 2025
TAIPEI, May 16 (Reuters) - Taiwanese electronics manufacturer Wistron ( WICOF ) said on Friday that its new U.S. manufacturing facilities for its customer Nvidia ( NVDA ) would be ready next year and the firm was in talks with potential other customers. Part of the facilities will be used by Nvidia ( NVDA ) to support its plan to...
Wistron says new US plants will be ready for Nvidia's server production next year
Wistron says new US plants will be ready for Nvidia's server production next year
May 26, 2025
TAIPEI (Reuters) -Taiwanese electronics manufacturer Wistron ( WICOF ) said on Friday that its new U.S. manufacturing facilities for its customer Nvidia ( NVDA ) would be ready next year and the firm was in talks with potential other customers. Part of the facilities will be used by Nvidia ( NVDA ) to support its plan to build artificial intelligence...
Copyright 2023-2026 - www.financetom.com All Rights Reserved