Electronic Arts (NAS: EA) reported earnings on Oct. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Electronic Arts met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share grew.
Margins dropped across the board.
Electronic Arts logged revenue of $1.08 billion. The 23 analysts polled by S&P Capital IQ expected to see sales of $1.08 billion on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $715.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The 23 earnings estimates compiled by S&P Capital IQ anticipated $0.10 per share. GAAP EPS were -$1.21 for Q2 compared to -$1.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.4%, 220 basis points worse than the prior-year quarter. Operating margin was -51.5%, 140 basis points worse than the prior-year quarter. Net margin was -53.6%, 600 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.30 billion.
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The article Electronic Arts Beats Analyst Estimates on EPS originally appeared on Fool.com.
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