Electronic Arts (EA) - Get Free Report is projected to post third-quarter earnings and revenue Tuesday afternoon that have risen from a year ago despite difficult year-over-year comparisons in December.
FactSet analysts are looking for adjusted earnings of $2.30 a share on revenue of $2.05 billion for the holiday period. Last year, the video game developer reported adjusted earnings of $1.83 a share on $1.80 billion for the fiscal 2016 third quarter.
December sales of the company's video game titles were down 18% year-over-year, according to NPD Group data cited by Piper Jaffray earlier this month.
EA's "Battlefield 1" and "Titanfall 2," released in October, struggled in December to match the success of "Star Wars: Battlefront" in December 2015, the NPD Group said.
But Piper Jaffray analysts said they remain confident in EA's ability to record revenue of $2.06 billion for the quarter, noting that NPD Group data only include physical U.S. retail sales.
EA stock has gained almost 30% over the past 12 months, trading about $83.39 early afternoon today.