Electronic Arts Shares Rise On Earnings Beat, Outlook
Electronic Arts Inc. shares rose late Tuesday after the video-game publisher topped Wall Street estimates and raised its outlook. EA shares rose 5.3% to $39.46 on moderate volume. The company reported adjusted fiscal second-quarter earnings of 73 cents a share on adjusted revenue of $1.22 billion. Analysts polled by FactSet expected 53 cents a share on revenue of $1.16 billion. EA also raised its adjusted full-year results outlook to $2.05 a share on revenue of just under $4.18 billion. Analysts expect $1.93 a share on revenue of $4.17 billion.
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