Electronic Arts (EA) PT Lowered to $164 at Wedbush

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Go back to Electronic Arts (EA) PT Lowered to $164 at Wedbush

'Football is Life': Electronic Arts (EA) Stock Soars on MoffettNathanson Upgrade to Buy Following Results

May 11, 2022 7:07 AM EDT

Shares of Electronic Arts (NASDAQ: EA) are trading over 3% higher in premarket trading Wednesday after the video game company published results a day earlier.

EA reported Q4 adjusted revenue of $1.75 billion, just below the consensus estimates of $1.77 billion. Adjusted EPS stood at $1.46 in the period, while analysts were looking for $1.42 per share.

Live Services & Other revenue stood at $1.39 billion, up 27% YOY and below the analyst expectations of $1.49 billion. EA generated $438 billion in full game revenue, up 75% YoY and... More