Electronic Arts (EA) Beats the Street With Help from Star Wars

Recently featured here on AimHighProfits multiple times as a Good Stock To Buy Now, Electronic Arts, Inc. (NASDAQ: EA) reported revenue rose more than expected, 17% to $1.65 billion, in Q3 on strong sales of “Battlefield 3” and the highly anticipated “Star Wars” game beating analysts’ average estimate of $1.62 billion. Electronic Arts Inc. says it cut its losses in the final three months of 2011 without restructuring costs that brought down earnings a year earlier.

EA closing price today was $18.44, down -0.73% (-0.135).
EA traded volume of 9,517,516.
EA is trading:

  • $-0.19 below its 20 day moving average,
  • $0.39 above its 10 day moving average and
  • $0.27 above its 5 day moving average.

EA has a Market Cap of $6.11B with a $24.89 1y Price Target Estimate.

EA sold 2 million units of the most expensive game ever launched by the company, “Star Wars: The Old Republic.” The online game was the most anticipated title in EA’s history and generated 1.7 million active subscribers.

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