By market open, shares had surged 17.5% to $32.96.
In its March-ending quarter, the company reported net income of 48 cents a share and revenue of $914 million. Analysts surveyed by Thomson Reuters had expected net income of 11 cents a share and revenue of $812.35 million.
Additionally, management expects fiscal 2015 earnings of $1.85, higher than forecasts of $1.65.Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates ELECTRONIC ARTS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate ELECTRONIC ARTS INC (EA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity."
- You can view the full analysis from the report here: EA Ratings Report
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