EA says holiday quarter was ‘difficult’ and missed expectations

Electronic Arts reported earnings for the third fiscal quarter ended December 31 that missed the company’s and Wall Street’s expectations. This comes on the heels of launching a new battle royale that dominated online discussion Monday.

Analysts expected EA to post earnings per share of $1.94 on revenue of $1.75 billion on a non-GAAP basis. But the results fell short of that and EA’s stock price fell 17 percent in after-hours trading to $76.40 a share.