Electronic Arts Inc Reveals 54% Advance In Q3 Earnings

(RTTNews) - Electronic Arts Inc (EA) reported earnings for its third quarter that advanced from last year.

The company said its bottom line came in at $596 million, or $1.83 per share. This was up from $388 million, or $1.22 per share, in last year's third quarter.

Analysts had expected the company to earn $1.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.3% to $1.07 billion. This was down from $1.13 billion last year.

Electronic Arts Inc earnings at a glance:

-Earnings (Q3): $596 Mln. vs. $388 Mln. last year. -Earnings Growth (Y-o-Y): 53.6% -EPS (Q3): $1.83 vs. $1.22 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $1.81 -Revenue (Q3): $1.07 Bln vs. $1.13 Bln last year. -Revenue Change (Y-o-Y): -5.3%

-Guidance: Next quarter EPS guidance: $0.40 Next quarter revenue guidance: $875 Mln Full year EPS guidance: $3.04 Full year revenue guidance: $4.517 Bln