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Electronic Arts (EA) Tops Q2 EPS by 20c; Issues Solid Outlook

October 29, 2015 4:17 PM

Electronic Arts (NASDAQ: EA) reported Q2 EPS of $0.65, $0.20 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.1 billion.

“It’s been a great quarter. Our EA SPORTS titles are connecting millions of passionate fans around the world to each other and the sports they love, we have new mobile experiences for our players, and deeply-engaged communities in our live services,” said Chief Executive Officer Andrew Wilson. “With Star Wars Battlefront launching in less than three weeks, and a stunning new Need for Speed just days away, we’re excited for the holiday season and the remainder of the fiscal year for Electronic Arts.”

“Results exceeded our expectations again,” said Chief Financial Officer Blake Jorgensen. “Based on the ongoing strength of our business and reception of Star Wars Battlefront, we are raising our full-year outlook for the second time. Our markets are very healthy, the digital transition continues to drive margins, and engagement in our live services and excitement for our upcoming launches is exceptional.”

Electronic Arts sees FY2016 EPS of ~$3.00, versus prior guidance of $2.85 and the consensus of $2.96. Electronic Arts sees FY2016 revenue of ~$4.4 billion, versus the consensus of $4.53 billion.

Electronic Arts sees Q3 2016 EPS of ~$1.75, versus the consensus of $1.74. Electronic Arts sees Q3 2016 revenue of ~$1.775 billion, versus the consensus of $1.74 billion.

For earnings history and earnings-related data on Electronic Arts (EA) click here.

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