Electronic Arts reported better-than-expected results for its fourth fiscal quarter ended March 31, thanks to the strength of the Star Wars: Battlefront shooter game. EA’s results are closely watched as a bellwether for gaming because of its vast presence in Western markets. That sent the stock upward in after-hours trading.
EA reported non-GAAP earnings per share of 50 cents on revenues of $924 million for the final quarter of its fiscal year. Analysts had expected non-GAAP earnings per share of 42 cents on revenue of $889 million for the fourth fiscal quarter ended March 31. A year ago, EA reported earnings per share of 39 cents on revenue of $896 million. Star Wars Battlefront has now sold in to retailers more than 14 million units.
GamesBeat