EA Quarterly Earnings Fall Short of Analyst Expectations

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EA Quarterly Earnings Fall Short of Analyst Expectations
Photo: Paul Sakuma/AP/TT

The American gaming giant Electronic Arts (EA) – which, among other things, owns the Swedish game developer Dice – failed to meet expectations in its quarterly report on Tuesday evening.

EA made a profit during the third quarter of 54 cents per share – significantly lower than analysts' expectations of 1.3 dollars per share.

Revenue landed at 1.82 billion dollars, compared to expected 1.87 billion.

The share has risen 27.5 percent in three months and 37.6 percent in twelve months.

In after-hours trading on the New York Stock Exchange, EA's share is slightly down after the report.

EA is on its way to being bought out from the New York Stock Exchange by a trio of actors with the state-owned Saudi investment company PIF at the forefront, but also including American investors.

The buyout – of 55 billion dollars (equivalent to 515 billion kronor) – is one of the largest so far from the American stock exchange.

When it becomes clear, all in all, the "Battlefield" creators Dice will get partially Saudi owners.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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