Star Wars Battlefront Sales Help Electronic Arts Beat Wall Street Estimates
Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.
Video game publisher Electronic Arts, known for titles such as "FIFA" and "Battlefield," reported quarterly revenue and profit above estimates, driven in part by its "Star Wars Battlefront" game.
Adjusted revenue rose 3% to $924 million for the quarter ended March 31.
On an adjusted basis, EA earned 50 cents per share. Analysts expected a profit of 42 cents per share and revenue of $888.8 million.
The company said its "Star Wars Battlefront" game, which was launched in November, sold more than 14 million units for the year ended March 31.
In the fourth quarter, EA released three games - "Plants vs Zombies: Garden Warfare 2," martial arts game "EA Sports UFC 2" and its indie game "Unravel."