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EA Stock Dips Two Percent After Hours as Revenue Misses Expectations

Electronic Arts posted third fiscal quarter non-GAAP net revenue of $1.57 billion for the holiday quarter, below analyst expectations, but up 33 percent over the same quarter last year. Analysts were expecting at least $1.64 billion in revenue, and the company’s posted GAAP numbers indicate that revenue for all platforms except mobile and PC shrank year over year. Earnings per share came in above the company’s own guidance, at $1.26 vs. the predicted $1.22. EA’s stock is trading down 2.29 percent after hours.

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