NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) - Get Report are retreating in after-hours trading on Tuesday after the company reported better-than-expected results for the 2017 fiscal first quarter, but provided a soft forecast.
After today's market close, the Redwood City, CA-based video game company said it expects revenue of about $915 million for the 2017 fiscal second quarter. Analysts are modeling revenue of $1.12 billion.
The company expects GAAP earnings to be $2.56 per share on revenue of $4.75 billion for fiscal 2017.
For the 2017 fiscal first quarter, Electronic Arts reported earnings of 7 cents per share, beating analysts' expectations for a loss of 2 cents per share.
Revenue fell to $682 million from $693 million last year, but was above analysts' expectations of $650.7 million.
"Our digital business drove this quarter, particularly outperformance from FIFA Ultimate Team on console and Star Wars: Galaxy of Heroes on mobile," CFO Blake Jorgensen said in a statement.
About 5.51 million of the company's shares changed hands today vs. its average volume of 3.12 million shares per day.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.
You can view the full analysis from the report here: EA