UPDATE: Electronic Arts Q1 EPS $1.14 Beats $1.01 Estimate, Sales $1.58B Miss $1.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Electronic Arts (EA) reported Q1 earnings per share (EPS) of $1.14, beating the estimate of $1.01. However, the company's sales of $1.58 billion fell short of the estimated $1.59 billion.
August 04, 2023 | 10:33 am
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NEUTRAL IMPACT
EA's Q1 EPS beat estimates but sales missed, indicating mixed financial performance.
EA's EPS beat indicates profitability, which is positive for the stock. However, the sales miss could indicate potential revenue issues, which is negative. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100