Electronic Arts Q3 Profit Tops Estimates - Quick Facts

(RTTNews) - Electronic Arts Inc. (EA) reported preliminary third-quarter net income of $142 million or $0.44 per share, compared to a loss of $308 million or $1.00 per share, prior year. Adjusted earnings per share was $1.22, for the quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.92 for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased to $1.13 billion from $808 million last year. Non-GAAP net revenue was $1.43 billion, compared to $1.57 billion. Analysts expected revenue of $1.29 billion for the quarter.

For fiscal 2015 ending March 31, 2015, the company expects: GAAP net revenue to be approximately $4.485 billion; Non-GAAP net revenue to be approximately $4.253 billion; GAAP earnings per share to be approximately $2.57; and Non-GAAP earnings per share to be approximately $2.35. Analysts expect the company to report fiscal year earnings per share of $2.09 on revenue of $4.20 billion. For the fourth quarter of fiscal 2015, the company expects: GAAP net revenue to be approximately $1.155 billion; Non-GAAP net revenue to be approximately $830 million; GAAP earnings per share to be approximately $1.07; and Non-GAAP earnings per share to be approximately $0.22. Analysts expect the company to report fourth-quarter earnings per share of $0.26 on revenue of $911.64 million.