5 years ago
EA shares fall sharply on earnings — CEO says 'we did not perform to our expectations'
EA fell more than 14 percent after hours after reporting its third-quarter 2019 earnings. The company reported a revenue miss of $1.61 billion vs. estimate of $1.75 billion, according to Refinitiv. Earnings were $1.95 per share ex-items compared with the analyst estimate of $1.94 per share, per Refinitiv. Even during a quarter in which the company released "Battlefield V," CEO Andrew Wilson acknowledged that EA did not perform as he had hoped, in a statement in the company's release.
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