Electronic Arts (EA) Stock: Why The Price Increased 3.05% After Hours

By Amit Chowdhry ● May 10, 2022
  • The stock price of Electronic Arts (NASDAQ: EA) increased by 3.05% after hours today. This is why.

The stock price of Electronic Arts (NASDAQ: EA) increased by 3.05% after hours today. Investors responded positively to the company’s fourth-quarter results.

Electronic Arts reported a Q4 EPS of $0.80, which was $0.64 less than analyst estimates of $1.44. Revenue increased to $1.83 billion from $1.35 billion in the same quarter a year earlier. Net bookings for the quarter were $1.75 billion, compared with $1.49 billion in the year-ago quarter.

Analysts were expecting revenue of $1.78 billion and net bookings of $1.77 billion. Going forward, Electronic Arts expects FY2023 net bookings of between $7.9 and $8.1 billion, compared to the consensus of $8.02 billion.

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