- Electronic Arts ( EA ): FQ2 GAAP EPS of $1.07 beats by $0.07 .
- Net bookings of $1.75B (-5.4% Y/Y) misses by $30M .
- The EA player network grew to more than 600M active accounts at quarter end.
- EA declared quarterly cash dividend of $0.19 per share.
- Co revises FY 2023 net bookings guidance as it expects a foreign exchange impact of about $200M.
- Now sees FY 2023 net bookings of about $7.65B to $7.85B, from a prior forecast of about $7.90B to $8.10B. The consensus estimate is $7.97B.
- Co raises FY 2023 EPS guidance to about $3.11-$3.34 from a previous outlook of about $2.79-$2.87.
- EA sees FQ3 net bookings of about $2.425B to $2.525B, versus consensus estimate of $2.60B. FQ3 EPS is expected to be about $0.43-$0.59.
- Press release
- Shares +0.3% after hours.
For further details see:
Electronic Arts FQ2 results mixed, co cuts FY 2023 net bookings guidance on FX impact