Electronic Arts Inc. (NASDAQ:EA) shares trading up by 2.90%

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Dallas, Texas 07/30/2013 (Financialstrend) – In the recently reported financial performance results for the first quarter of fiscal year 2014, Electronic Arts Inc. (NASDAQ:EA) had reported earnings per share at $(0.40) for the quarter, which was considerably higher than the loss of 60 cents per share that were expected by the analysts. Revenues for the quarter were observed to be at $495 million, compared to the analyst estimates at $453.75 million. In line with these first quarter results, the company had forecasted earnings per share of $1.20 for the full fiscal year of 2014, compared to the analyst estimates at $1.20 per basic and diluted share for the company. Further, Electronic Arts had forecasted revenues to be at $4.0 billion for the full fiscal year 2014 and the analyst estimates were also at the same level.

Further, for the second quarter of fiscal year 2014, the company had forecasted earnings per share to be at 12 cents per share, compared to the consensus estimates at 15 cents per share. Further, the company foresees the revenues to be at $975 million, compared to the consensus estimates at $975.9 million.

The share of Electronic Arts Inc. (NASDAQ:EA) are currently trading at $26.22, increased by 2.90%. The company has recorded the intraday trading low price of $25.54 and high price of $26.53. For the last 52 weeks of trading, the low price of the stock is at $10.77 and high price of the stock is at $26.98 per share. Currently there are 300.08 million shares of the company in the market and 99% institutional ownership. The company trading at 3.24 million shares and the trading volume on an average for the company was 4.05 million shares per day. The total market cap value of the company is 7.87 billion.

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