Electronic Arts reports Q1 adjusted EPS 19c, consensus (4c) Reports Q1 non-GAAP revenue $775M, consensus $713.24M. The company said, “EA delivered first quarter EPS above prior year and our guidance through a combination of revenue growth, higher gross margins and lower operating expenses. We have gotten off to a great start and are encouraged by the trends in our industry and business."
Electronic Arts upgraded to Buy from Hold at Benchmark Co. Benchmark Co. upgraded Electronic Arts to Buy with a $42.50 price target saying the company's upcoming Q2 results will likely beat expectations and drive share upside.