NEW YORK (TheStreet) -- Shares of Electronic Arts Inc. are higher by 5.55% to $39.56 in mid-morning trading on Wednesday, after the company reported an increase in non-GAAP net income for the fiscal 2015 second quarter to $232 million, or 73 cents per diluted share, compared to $105 million, or 33 cents per diluted share for the year ago quarter. Analysts polled by Thomson Reuters expected the video game maker to post earnings of 53 cents per share for the most recent quarter. Electronic Arts said its non-GAAP total revenue for the latest quarter was $1.22 billion versus $1.04 billion for the fiscal 2014 second quarter. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Analysts were expecting $1.16 billion in revenue for the quarter. "It was an excellent second quarter, with strong new titles, deep player engagement in our live services and ongoing digital growth driving continued momentum," said company CEO Andrew Wilson. The company said it's raising its full year non-GAAP EPS guidance by 20 cents to $2.05, and its full year non-GAAP net revenue by $75 million to $4.175 billion. Separately, TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate ELECTRONIC ARTS INC (EA) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity." You can view the full analysis from the report here: EA Ratings Report EA data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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