Electronic Arts smashes analyst expectations with strong Q1 2016 earnings

Publisher Electronic Arts has repositioned itself as one of the top game makers in the world, and it has had another strong quarter to prove it deserves that reputation.

EA reported the results of the first quarter of its fiscal 2016 today, and the company revealed that it generated more than $693 million in revenue. That beat its own guidance of $640 million. In terms of earnings, the company brought in 15 cents per share. It also trounced Wall Street estimates that expected the company to report an EPS closer to 3 cents. This has the company looking to bring in even more total revenue for 2016, especially as it gets ready to unleash a new Star Wars game. And with the global gaming industry across all devices approaching $100 billion in total sales, EA is one of the few companies in the world equipped to capitalize on all sectors of that business.