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NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) - Get Free Report were falling 2.6% to $74.12 after-hours Thursday, despite the video game publisher's positive fiscal second quarter financial results.

EA reported earnings of 65 cents a share for the second quarter of fiscal 2016, well above analysts' estimates of 45 cents a share for the quarter. Revenue fell 5.7% year over year to $1.15 billion for the quarter, above analysts' estimates of $1.1 billion.

"It's been a great quarter," CEO Andrew Wilson said in a statement. "Our EA SPORTS titles are connecting millions of passionate fans around the world to each other and the sports they love, we have new mobile experiences for our players, and deeply-engaged communities in our live services."

The game publisher said digital revenue fell to $502 million for the fiscal second quarter from $508 million in the year-ago quarter. Packaged goods revenue fell to $313 million from $482 million.

EA said that EA SPORTS monthly average players increased 30% year over year in the fiscal second quarter. The company also highlighted the recent Star Wars Battlefront beta as the largest in its history with more than 9.5 million players.

Looking to fiscal 2016, EA said it now expects earnings of about $3 a share, up from $2.85 a share, and revenue of $4.5 billion, up from $4.45 billion. Analysts expect the company to report earnings of $2.96 a share and revenue of $4.53 billion for the fiscal year.

Read: Game On: Electronic Arts (EA) Stock Long Term View Impressive

TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

We rate ELECTRONIC ARTS INC (EA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: EA

EA data by YCharts

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