Electronic Arts Inc. shares fell in the extended session Tuesday after the videogame publisher reported quarterly results below Wall Street expectations following a record-high closing price.
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The company reported fiscal third-quarter net income of $211 million, or 72 cents a share, compared with $346 million, or $1.18 a share, in the year-ago period. Revenue rose to $1.67 billion from $1.59 billion in the year-ago quarter.
Analysts surveyed by FactSet had forecast earnings of 77 cents a share on revenue of $2.39 billion.
EA forecast an unadjusted loss of about 7 cents a share, which includes a 52-cents-a-share tax-accounting charge, on revenue of about $1.32 billion for the fiscal fourth quarter, and unadjusted earnings of $2.54 a share on revenue of about $5.6 billion for the year.
Analysts had estimated unadjusted earnings of 68 cents a share on revenue of $1.33 billion for the fourth quarter, and unadjusted earnings of $3.33 a share on revenue of $6.02 billion for the year.
