Investing.com - Electronic Arts reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $1.02 on revenue of $1.85B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $1.76B.
Electronic Arts shares are down 2% from the beginning of the year , still down 7.25% from its 52 week high of $150.30 set on Monday, January 25, 2021. They are under-performing the S&P 500 which is up 24.07% year to date.
Electronic Arts follows other major Technology sector earnings this month
Electronic Arts's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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