The Traderszone Network

Published in TZ Latest News 3 June, 2016 by The TZ Newswire Staff

Why Shares of Electronic Arts Inc. Popped 24% in May

What: Shares of game maker Electronic Arts Inc. (NASDAQ: EA) jumped 24.1% in May, according to data provided by S&P Global Market Intelligence, as earnings wowed investors.

So what: Electronic Arts released fiscal fourth-quarter 2016 earnings early in May and results easily topped expectations. Revenue was up 3% to $924 million and adjusted earnings per share were $0.50. That exceeded the $888.8 million in revenue and $0.42 in earnings Wall Street expected.  

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