REDWOOD CITY, Calif. (AP) 鈥� REDWOOD CITY, Calif. (AP) 鈥� Electronic Arts Inc. (EA) on Tuesday reported fiscal fourth-quarter earnings of $461 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $1.81. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The video game maker posted revenue of $2.12 billion in the period. Its adjusted revenue was $1.86 billion, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $1.99 billion.
For the year, the company reported profit of $887 million, or $3.51 per share. Revenue was reported as $8.03 billion.
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