Electronic Arts Q3 Adj EPS $2.96 Beats $2.93 Estimate, Sales $2.37B Miss $2.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Electronic Arts (EA) reported Q3 adjusted earnings of $2.96 per share, slightly above the $2.93 estimate, marking a 5.71% increase from last year. However, their sales of $2.37B fell short of the expected $2.40B, a minor 1.42% miss, but still a 1.02% increase from the previous year.
January 30, 2024 | 9:15 pm
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EA's Q3 earnings surpassed estimates, but sales did not meet expectations, indicating mixed financial performance.
EA's earnings beat may provide some positive sentiment, but the sales miss could raise concerns about growth, leading to a neutral short-term impact on the stock price. The mixed results make it difficult to predict the direction of the stock with high certainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100