Electronic Arts Beats Street, Reaffirms Guidance

Shares of Electronic Arts (EA) moved higher in after-hours trading on Tuesday following the release of its quarterly results which blew past Wall Street forecasts. The video game maker earned $0.19 a share, expectations were for a loss of $0.04 a share. The Redwood City, California based-company posted revenue of $774 million. EA announced that 53 million matches were played in its FIFA Ultimate Team World Cup Mode in the second quarter, that's equivalent to playing over 800,000 FIFA World Cup tournaments. In the announcement, EA reaffirmed its fiscal 2015 guidance of $4 billion in net revenue and earnings of $1.85 a share. The Street's Kathryn Mykleseth reports from New York.