$EA Stock Update

Less-than-stellar fourth-quarter revenue forecast, which was weaker than expected due to its delayed launch of its basketball game “NBA Live.”

Earnings of $2.79 per share, beating estimates of $2.52 per share. This compares to earnings of $2.08 per share a year ago.

This quarterly report represents an earnings surprise of 10.71%. A quarter ago, it was expected that this video game maker would post earnings of $0.85 per share when it actually produced earnings of $0.96, delivering a surprise of 12.94%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Consensus 12-month price target at $118.24, which is still at a solid 10.8% premium to current levels.

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