Investing.com - Electronic Arts (NASDAQ:EA) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $1.11 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $0.3283 on revenue of $1.26B.
Electronic Arts shares are down 28% from the beginning of the year and are trading at $129.80 , down-from-52-week-high.They are under-performing the Nasdaq which is down 21.07% from the start of the year.
Electronic Arts shares gained 0.71% in after-hours trade the report.
Electronic Arts follows other major Communication Services sector earnings this month
Electronic Arts's report follows an earnings missed by Alphabet C on Tuesday, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on Tuesday, July 26, 2022 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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