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Electronic Arts Powers Down on Disappointing Third-Quarter Results

August 27, 2023
in Trade Tube
Reading Time: 1 min read
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Electronic Arts posted mixed third-quarter earnings which left investors wanting more to play with. The video game publisher exceeded expectations with profits of $1.26 a share coming in higher than Wall Street consensus of $1.23 a share, but revenue of $1.57 billion missed the mark, falling short of the $1.66 billion analysts were hoping for. One concern was EA’s tent-pole game of the year, Battlefield 4, which was plagued with glitches since its launch in October.

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