NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) were gaining 4.1% to $61.61 in after-hours trading on Tuesday after the video game publisher beat analysts' estimates for earnings and revenue in the fiscal fourth quarter.
EA reported earnings of 39 cents a share for the fourth quarter, above analysts' estimates of 25 cents a share for the quarter. The company reported revenue of $896 million for the fourth quarter, above analysts' estimates of $850.23 million.
The company said that it was the top publisher for the PlayStation 4 and Xbox One in fiscal 2015 due to the success of Battlefield Hardline, Dragon Age Inquisition, FIFA 15, NHL 15, Madden NFL 15, Battlefield 4, and FIFA 14.
Digital revenue grew to $614 million in the fourth quarter from $491 million in the year-ago quarter, surpassing revenue from packaged goods, which fell to $571 million from $632 million.
EA expects to report break even earnings and revenue of about $640 million for the fiscal first quarter. Analysts expect earnings of 19 cents a share and revenue of $774.69 million for the fiscal first quarter.
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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."