Video game producer Electronic Arts (NASDAQ: EA) continues to benefit as people still have limited entertainment options. Many schools and colleges remain closed for in-person classes, so the younger generation that tends to play the company's games is spending more time near their game consoles and computer screens, which allows them to switch from a school task to engaging with a game almost instantaneously.
That continued positive performance showed up last week when the company reported fiscal 2021 second-quarter earnings. One big takeaway from the report is that management felt so good about the company's current and future prospects that it initiated a new share buyback program and it announced plans to initiate a dividend for the first time in the company's history (more on this below).
Let's take a closer look at three other key takeaways from the company's second-quarter earnings report.
For further details see:
3 Key Takeaways from Electronic Arts' Q2 Earnings Report