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EA Beats the Street Again

After a resounding beat in May, Electronic Arts once again exceeded Wall Street’s expectations for the most recent financial quarter. It reported earnings of 19 cents per share where analysts were expecting a four-cent loss and revenue of $775 million versus expectations of around $713 million. Already riding a five-year high thanks to the new blockbuster game Titanfall, EA shares popped up four percent shortly after hours before reversing course to near the closing bell price; in the next quarter, EA projected non-GAAP net revenue of $1.14 billion and earnings per share of 50 cents.

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