Electronic Arts Stock Pops Following Q2 Earnings Beat - Here's Why
Portfolio Pulse from Ryan Gustafson
Electronic Arts Inc. (NASDAQ:EA) reported Q2 earnings of $1.47 per share, beating estimates of $1.25 per share, a YoY increase of 27%. The company also reported total bookings of $1.82 billion, beating estimates of $1.77 billion. The EA SPORTS Madden NFL franchise posted net bookings growth of 6% YoY. The company issued Q3 and full-year 2024 guidance, with net revenue expected to be between $1.825 billion to $2.025 billion and $7.3 billion to $7.7 billion respectively.
November 01, 2023 | 8:49 pm
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Electronic Arts reported strong Q2 earnings, beating estimates, and issued positive Q3 and full-year 2024 guidance. This news is likely to have a positive impact on the company's stock in the short term.
Electronic Arts reported strong Q2 earnings, beating estimates, and issued positive Q3 and full-year 2024 guidance. This news is likely to be viewed positively by investors, leading to increased demand for the company's stock and potentially driving its price up in the short term.
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