Electronic Arts Inc (EA) has announced increased earnings for its third quarter compared to last year. The gaming company made a profit of $290 million, equivalent to $1.07 per share. This is a substantial rise from the prior year's third quarter, where the net income stood at $204 million or $0.73 per share.
There was also a 3.7% increase in EA's revenue for the quarter, escalating from $1.88 billion the previous year to $1.95 billion. A brief overview of Electronic Arts Inc earnings recorded (on a GAAP basis) for the third quarter includes: Earnings of $290 million versus the $204 million from last year, an EPS of $1.07 compared to $0.73 of the previous year, and a revenue of $1.95 billion, up from $1.88 billion last year.
As for their projections, Electronic Arts Inc's EPS guidance for the next quarter ranges from $0.20 to $0.68, with revenue estimates between $1.625 to $1.925 billion. For the full fiscal year, they expect an EPS between $4.21 to $4.68, and a total revenue guidance of $7.408 to $7.708 billion.
