NEW YORK (TheStreet) -- Electronic Arts (EA) - Get Report "was a struggling company for a long time," said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, during CNBC's "Cramer's Stop Trading" segment.
No more. The company reported earnings of 73 cents a share, handily beating estimates of 53 cents. Revenue rose 17.3% to $1.2 billion for the quarter. Shares rose 4.5% Wednesday.
Cramer said the company has been able to make the transition to "mobile and tablet." He said Electronic Arts joins other companies including AAP holdings Facebook (FB) - Get Report and Google (GOOGL) - Get Report that have also solved the mobile equation and thrive on the platform.
Investors didn't think Electronic Arts would figure out how to become profitable on mobile, Cramer said, but this "very well-run company" has done just that and is now blowing away investors' expectations.
-- Written by Bret Kenwell
At the time of publication, Cramer's Action Alerts PLUS had a position in FB and GOOGL.