Electronic Arts Earnings miss, Revenue beats In Q3 By Investing.com

Electronic Arts (NASDAQ:EA) reported on Tuesday third quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

Electronic Arts announced earnings per share of $0.72 on revenue of $2.40B. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $2.38B.

Electronic Arts shares are up 3% from the beginning of the year and are trading at $141.30 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.83% from the start of the year.

Electronic Arts shares lost 5.20% 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 Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar