Electronic Arts reported financial results today that beat Wall Street’s expectations, with revenue falling 14% to $1.15 billion for the second fiscal quarter (third calendar quarter) ended September 30.
While revenues were down compared to a year ago, EA outperformed expectations in the quarter. But EA’s forecast for the third fiscal quarter (fourth calendar quarter) came in below analysts’ expectations. As a result, EA’s stock price is down 7.6% to $118.53 a share in after-hours trading.
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