Electronic Arts (NASDAQ:EA) reported second quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.83 on revenue of $1.29B. Analysts polled by expected EPS of $0.58 on revenue of $1.18B. That compared to EPS of $2.22 on revenue of $959.0M in the same period a year earlier. The company had reported EPS of $0.15 on revenue of $749M in the previous quarter.
For the year, Electronic Arts shares are down 9.74%, under-performing the NASDAQ 100 which is up 5.89% year to date.
Electronic Arts follows other major Technology sector earnings this month
On October 24, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. analysts expected EPS of $10.41 on revenue of $27.32B
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