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Investing.com -- Electronic Arts reported Tuesday better-than-expected fiscal fourth-quarter results as well as upbeat guidance for the current quarter as its EA sports gaming titles continued to attract gamers.
Electronic Arts Inc (NASDAQ:EA) was more than 3% higher in recent aftermarket hours Tuesday.
Electronic Arts announced earnings of $0.98 a share on revenue of $1.90 billion. Analysts anticipated EPS of $0.91 on revenue of $1.55B.
Net bookings for Q4 rose to $1.8B, up from $1.67B the same period a year ago.
For Q1, the company forecast EPS of $0.49 to $0.66 on revenue of $1.550B to $1.650B, beating estimates of $0.33 and $1.27B, respectively. Net bookings were guided in a range of $1.175B to $1.275B.
Looking to fiscal 2024, the company guided EPS in a range of $3.09 to $3.79 on revenue of between $7.1B and $7.5B, compared with estimates for EPS of $4.17 and revenue of $7.15B. Net bookings were expected in a range of $7.6B to $8B, the company said.
The company also said it intended to launch Battlefield in 2026.