Electronic Arts (EA) Reports Q2 Revenue of $1.1B
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November 2, 2016 9:31 AM EDT
UBS reiterated a Buy rating and $90.00 price target on Electronic Arts (NASDAQ: EA) following the company's 2Q earnings report. UBS adjusted non-GAAP revenue estimates to $2.11b from $2.10b. Adjusted EPS estimates was raised to $2.37 from $2.33.
Analyst Eric Sheridan commented, "In FQ2, EA once again... More
November 2, 2016 6:52 AM EDT
Baird analyst Colin Sebastian reiterated an Outperform rating and raised his price target on Electronic Arts (NASDAQ: EA) to $91.00 (from $83.00) following results, saying flagship title strength overshadows near-term Titanfall concerns.
Sebastian commented, "EA reported another solid quarter, with in-line revenue and... More
November 1, 2016 4:09 PM EDT
By Anya George Tharakan
(Reuters) - Electronic Arts Inc's (NASDAQ: EA) second-quarter revenue edged past analysts' estimates and the videogame publisher raised its full-year revenue and profit forecast, indicating strong interest for its recently launched games.
"FIFA 17," the newest version of EA's top-selling soccer franchise, debuted at the end of September, while the company launched the highly anticipated "Battlefield 1" and "Titanfall 2" shooter games in October.
Those games will face competition from Activision Blizzard Inc's (NASDAQ: ATVI) "Call of Duty: Infinite Warfare" and Ubisoft Entertainment SA's "Watch... More
