Jim Cramer: Electronic Arts Has Solved the Mobile Equation

Electronic Arts is blowing past analysts' expectations now that it has figured out how to operate on mobile and tablet platforms, says Jim Cramer.

Author:
Bret Kenwell
Publish date:
Oct 29, 2014 11:36 AM EDT

Electronic Arts is blowing past analysts' expectations now that it has figured out how to operate on mobile and tablet platforms, says Jim Cramer.

NEW YORK (TheStreet) -- Electronic Arts (EA) - Get Electronic Arts Inc. 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 Meta Platforms Inc. Class A Report and Google (GOOGL) - Get Alphabet Inc. Class A 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.

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