Electronic Arts (EA) Tops Q2 EPS by 20c; Issues Solid Outlook
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October 30, 2015 10:49 AM EDT
Michael Pachter from Wedbush published an EA (NASDAQ: EA) earnings recap this morning that highlights strength in the quarter, the impact of the Mirror's Edge shift, upside from Star Wars, and a tough FIFA comp.
EA reported EPS of $0.65 compared to consensus of $0.44 and guidance of $0.40. FY guidance was raised by $0.15 to $3.00, reflecting the upside and the shift of one title, Mirrors Edge Catalyst, from Q4:16 to Q1:17.
Revenue guidance was increased overall, and is consistent with Q3 performance... More
October 30, 2015 7:40 AM EDT
Cowen analyst Doug Creutz reiterated an Outperform rating and boosted his price target on Electronic Arts (NASDAQ: EA) to $79.00 (from $74.00) following solid results after the close.
Creut commented, "EA put up yet another strong quarter, with top and bottom line upside driven by continued... More
October 30, 2015 7:19 AM EDT
Jefferies US Interactive Entertainment Team reiterated a Buy rating and boosted its price target on Electronic Arts (NASDAQ: EA) to $95.00 (from $80.00) following solid results after the close.
The analyst commented, "If EA can post such solid results in its "tough quarter" we are... More
