The Redwood City, CA-based company reported second quarter earnings of $2.89 per share on $1.28 billion in revenue. Shares were up 4.9% to $99 after-hours.
Analysts were expecting the company to report earnings of 86 cents per share, though it is not clear if that metric matches what EA reported, on revenue of $1.25 billion.
The global gaming market is estimated to total about $135 billion, and while EA has struggled to find a new hit as growth has slowed, it is still one of the major players in a huge global market.
For the rest of 2019, the company has two major titles slated for release, according to its own website: Need for Speed Heat, which is scheduled to release on Nov. 8, and Star Wars Jedi: Fallen Order, which is timed to release on Nov. 15, right in the middle of the Christmas shopping season.
EA's chart is showing that it has the potential to rally big going forward, according to Real Money chartist Bruce Kamich. The company has traded higher since February, but it has adhered closely to the rising 50-day moving average line, Kamich wrote.
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