Investing.com - Electronic Arts reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Electronic Arts announced earnings per share of $1.25 on revenue of $1.39B. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $1.05B.
Electronic Arts shares are up 28% from the beginning of the year , still down 2.64% from its 52 week high of $142.31 set on Monday, July 20, 2020. They are outperforming the S&P 500 which is up 0.52% year to date.
Electronic Arts shares lost 2.03% in after-hours trade the report.
Electronic Arts follows other major Technology sector earnings this month
Electronic Arts's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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