Electronic Arts

With U.S. stock markets set to open in two hours, Ingram Micro Holding Corp. (INGM) was up 13.4% in pre-market trading, and Reynolds Consumer Products Inc. (REYN) was up 8.5%. Knight-Swift Transportation Holdings Inc. Cl A (KNX), Fortune Brands Innovations Inc. (FBIN), and GE Aerospace (GE) were all posting gains of at least 6%. In early trading, Electronic Arts Inc. (EA) and AST SpaceMobile Inc. (ASTS) had posted declines, falling 15.9% and 15.8%, respectively. Meanwhile S&P 500 futures were down 0.20%, with futures for the Dow Jones Industrial Average rising 0.05%. The Cboe Volatility Index futures were up 1.88%. In commodities news, Brent crude oil futures were up 0.42%, while gold futures were down 0.62%. Bitcoin was down 2.52% to $101,644. The 10-Year Treasury yield climbed to 4.646%. In the previous regular trading session, the S&P 500 and the Dow were up 0.61% and 0.30%, respectively. Stocks in Asia were […]

Electronic Arts (NASDAQ:EA) said it expects fiscal Q2 per-share diluted earnings of $0.72 to $0.89. Analysts surveyed by Capital IQ expect $1.11. The company expects revenue for the quarter of about $1.83 billion to $1.93 billion. Analysts surveyed by Capital IQ expect $1.83 billion. Electronic Arts expects fiscal year 2024 per-share diluted earnings of $3.42 to $3.92, up from the previous outlook of $3.30 to $3.81. Analysts surveyed by Capital IQ expect $3.96. The company continues to expect revenue for the year of $7.3 billion to $7.7 billion. Analysts surveyed by Capital IQ expect $7.6 billion.

Electronic Arts (NASDAQ:EA)  reported fiscal Q1 diluted earnings  of $1.47 a share, up from $1.11 a year earlier. Analysts surveyed by Capital IQ expected $1.09. Revenue for the quarter ended June 30 was $1.92 billion, up from $1.77 billion a year earlier. The company said it expects fiscal Q2 per-share diluted earnings of $0.72 to $0.89. Analysts surveyed by Capital IQ expect $1.11. The company expects revenue for the quarter of about $1.83 billion to $1.93 billion. Analysts surveyed by Capital IQ expect $1.83 billion. Electronic Arts expects fiscal year 2024 per-share diluted earnings of $3.42 to $3.92, up from the previous outlook of $3.30 to $3.81. Analysts surveyed by Capital IQ expect $3.96. The company continues to expect revenue for the year of $7.3 billion to $7.7 billion. Analysts surveyed by Capital IQ expect $7.6 billion.