Electronic Arts delivers softer guidance as revenue misses in Q3

By Yasin Ebrahim

Investing.com -- Electronic Arts (NYSE: EA) reported Tuesday a mixed fiscal third quarter as revenue fell short of Wall Street estimates and the video game company delivered fourth-quarter guidance that trailed expectations.

Electronic Arts Inc (NASDAQ: EA) fell more than 7% in afterhours trading following the report.

Electronic Arts announced earnings per share of $0.73 on revenue of $2.34 billion. Analysts anticipated EPS of $0.50 on revenue of $2.48B.

Net bookings for Q4 fell to $2.34B from $2.58B in the same period a year ago, with the company flagging the weaker macro environment as a drag on demand during the quarter.

Looking to the fourth quarter, the company guided EPS in a range of $0.05 to $0.20 on revenue of between $1.70B and $1.80B, below estimates of $2.22 and $2.24B, respectively. Net bookings are expected to be approximately $1.68B to $1.78B, the company said.

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