Electronic Arts, Inc. (EA) Crushes Q4 Estimates, Guidance Tops Views

Electronic Arts, Inc. (NASDAQ: EA) reported Q4 EPS of $0.48, $0.37 better than the analyst estimate of $0.11. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $812.09 million.

Electronic Arts, Inc. sees FY2014 EPS of $1.85, versus the consensus of $1.52. Electronic Arts, Inc. sees FY2014 revenue of $4.38 billion, versus the consensus of $4.11 billion.

Electronic Arts, Inc. sees Q2 2014 EPS of ($0.05), versus the consensus of ($0.23). Electronic Arts, Inc. sees Q2 2014 revenue of $1.2 billion, versus the consensus of $632.68 billion.

EA also announced that a special committee of its Board of Directors, on behalf of the full Board, has authorized a new program to repurchase up to $750 million of EA’s common stock. This new stock repurchase program, which expires on May 31, 2016, supersedes and replaces the existing stock repurchase authorization approved by EA’s Board of Directors in July 2012.

“Electronic Arts delivered outstanding results in fiscal year 2014. Most importantly, we produced hit games, innovative digital content and services, and amazing entertainment for our players around the world,” said Chief Executive Officer Andrew Wilson. “It was a transformative year for EA in a dynamic year for our industry, and I’m even more excited for the new experiences we will deliver in fiscal year 2015 and beyond.”

“While navigating through a year of tremendous change in the industry, which included a challenging console transition, we were able to exceed revenue guidance, lower our operating expenses, double operating cash flows, and invest in new products and services for the future,” said Chief Financial Officer Blake Jorgensen. “On a non-GAAP basis, we drove higher gross margins, improving our operating profit margins to 18%.”

For earnings history and earnings-related data on Electronic Arts, Inc. (EA) click here.

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