Electronic Arts Inc.

Electronic Arts stock higher after company's earnings, sales beat

Shares of Electronic Arts Inc. rose nearly 3% late Tuesday after the videogame company posted fiscal fourth-quarter sales and profit above Wall Street expectations. The makers of The Sims and FIFA 18 said it earned $607 million, or $1.95 a share, in the quarter, compared with $566 million, or $1.81 a share, in the year-ago period. Revenue rose to $1.58 billion, from $1.53 billion a year ago. Analysts polled by FactSet had expected earnings of $1.83 a share on sales of $1.24 billion. Electronic Arts shares ended the regular session down less than 0.1%.

• May. 8, 2018 at 4:15 p.m. ET
• by Claudia Assis

Electronic Arts shares up nearly 3% after company sales, earnings beat

Electronic Arts shares up nearly 3% after company sales, earnings beat

• May. 8, 2018 at 4:07 p.m. ET
• by Claudia Assis

Electronic Arts fiscal Q4 EPS $1.95 vs. expectations $1.83

Electronic Arts fiscal Q4 EPS $1.95 vs. expectations $1.83

• May. 8, 2018 at 4:07 p.m. ET
• by Claudia Assis

Electronic Arts fiscal Q4 rev. $1.58 billion vs. expectations $1.24 billion

Electronic Arts fiscal Q4 rev. $1.58 billion vs. expectations $1.24 billion

• May. 8, 2018 at 4:07 p.m. ET
• by Claudia Assis

The cautionary tale of Zynga’s founder, and his potential redemption

Zynga Inc. founder and former chief executive Mark Pincus is a poster boy of why many investors are opposed to founder control.

• May. 3, 2018 at 1:05 p.m. ET
• by Therese Poletti

Electronic Arts started at overweight with $150 stock price target at J.P. Morgan

Electronic Arts started at overweight with $150 stock price target at J.P. Morgan

• May. 1, 2018 at 8:09 a.m. ET
• by Tomi Kilgore

EA stock rises after analysts cheer organizational changes

Shares of Electronic Arts Inc. are up 1.9% in premarket trading Friday after analysts praised the organizational changes announced by the company after market close on Thursday. CFO Blake Jorgensen will now also serve as COO, Matt Bilbey will become the executive vice president of strategic growth, and Laura Miele will become chief studios officer. All three have been EA employees for some time and are being promoted to new roles. "With the reshuffled roles, we remain confident in EA's ability to execute on its various strategic initiatives, including its connected player network, PC subscription offering, expanded partnership opportunities in Asia, and designing games for the future," William Blair analyst Ralph Schackart wrote. He rates the stock at outperform. BMO Capital Markets analyst Gerrick Johnson said in a note to clients that the changes could help EA better address operational issues: "Management cited quicker response times and an increased focus on providing its player base with the entertainment it wants. We think this could be a reference to consumer pushback to the initial 'pay-to-win' mechanic in Star Wars Battlefront II in-game monetization." EA shares are up 36% over the past 12 months, while Activision Blizzard Inc. shares have gained 39% and Take-Two Interactive Software Inc. shares have risen 70%. The S&P 500 is up 14% over the past year.

• Apr. 13, 2018 at 8:25 a.m. ET
• by Emily Bary

Electronic Arts stock rises after analyst says management's 'happy' with engagement levels even as 'Fortnite' gains steam

Shares of Electronic Arts Inc. are up 2.8% in Monday trading after Stifel analyst Drew Crum reiterated his upbeat view of the company's prospects and dismissed concerns that the popular "Fortnite" game, made by privately held Epic Games, posed a material threat to EA. "'Fortnite' is VERY popular right now, but the sky isn't falling for EA," Crum wrote. "We're not dismissing Fortnite, but also think the absence of any major releases (since November) has probably had some affect on its success." Crum said that his recent meetings with management indicated that the company is "happy" with engagement levels for its major franchises. The company singled out "Battlefield 1" and FIFA Ultimate Team, according to Crum, who thinks the title will benefit from the World Cup this summer. EA shares are up 40% over the past year, while Activision Blizzard Inc. shares are up 41% and Take-Two Interactive Software Inc. are up 76%. The S&P 500 has gained 12% in that time.

• Mar. 26, 2018 at 1:14 p.m. ET
• by Emily Bary

Charting a stealth breakout attempt, Nasdaq tags all-time high on jobs report

U.S. stocks are firmly higher early Friday, rising in tandem with Treasury yields after a stronger-than-expected monthly jobs report. In the process, the Nasdaq Composite has tagged an all-time high intraday — while the S&P 500 has reclaimed its 50-day moving average — as the bigger-picture market technicals continue to strengthen.

• Mar. 9, 2018 at 11:33 a.m. ET
• by Michael Ashbaugh

Trump meeting on violent games not a 'worry' for videogame makers, says analyst

The White House is due to meet with certain videogame executives this afternoon about violence in games, but shares of the major publishers are up ahead of the meeting. Activision Blizzard Inc. is leading the pack, with shares rallying 2.6%. Shares of Electronic Arts Inc. are climbing 1.3% and Take-Two Interactive Software Inc.'s gaining 0.9%. "Trump's scapegoat meeting with game industry reps doesn't worry me," Benchmark analyst Mike Hickey wrote in a recent note to clients. He cites a 2011 Supreme Court decision that deemed videogames an expression of First Amendment rights. "Future courts will rely on this decision to make their own judgments, and that would apply to any law that Trump may attempt to spearhead through congress," Hickey added. Activision shares are up 56% over the past 12 months, while EA shares are up 45% and Take-Two shares are up 89%. The S&P 500 has gained 15% in that time.

• Mar. 8, 2018 at 11:44 a.m. ET
• by Emily Bary

Electronic Arts shares are down 4.6% in premarket trade

Electronic Arts shares are down 4.6% in premarket trade

• Feb. 28, 2018 at 8:52 a.m. ET
• by Trey Williams

Take-Two stock drops following announcement of second Red Dead Redemption 2 delay

• Feb. 1, 2018 at 12:23 p.m. ET
• by Emily Bary