EA blows away Wall Street's earnings expectations

Electronic Arts reported earnings today that made a mockery out of Wall Street’s expectations for the second fiscal quarter that ended Sept. 30.

The publisher reported an earnings per share (EPS) of 73 cents compared to estimates of 53 cents. Non-GAAP revenues for the quarter were $1.22 billion versus Wall Street estimates of $1.16 billion. That compared to net income of 33 cents a share on revenue of $1.04 billion a year ago. In after-hours trading, EA’s stock price is up 2 percent to $38.35 a share.