=Electronic Arts (EA) reported earnings on Tue 5 Feb 2019 (a/h)

Electronic Arts beats by $0.20, misses on revs; guides Q4 EPS, revs below consensus

• Reports Q3 (Dec) GAAP earnings of $0.86 per share, $0.20 better than the S&P Capital IQ GAAP Consensus of $0.66; revenues fell 18.4% year/year to $1.61 bln vs the $1.75 bln S&P Capital IQ Consensus.
• "Q3 was a difficult quarter for Electronic Arts and we did not perform to our expectations. We are now applying the strengths of our company to sharpen our execution and focus on delivering great new games and long-term live services for our players. We're very excited about Apex Legends, the upcoming launch of Anthem, and a deep line-up of new experiences that we'll bring to our global communities next fiscal year."
• "FIFA stands out as a robust franchise through a tumultuous year in the video game industry," said COO and CFO Blake Jorgensen. "Elsewhere in the business, we're making adjustments to improve execution and we're refocusing R&D. Looking forward, we're delighted to launch Anthem, our new IP, to grow Apex Legends and related Titanfall experiences, to deliver new Plants vs. Zombies and Need for Speed titles, and to add Star Wars Jedi: Fallen Order to our sports titles in the fall."
• Co issues downside guidance for Q4, sees GAAP EPS of $0.56 vs. $0.74 S&P Capital IQ GAAP Consensus; sees Q4 revs of $1.17 bln vs. $1.48 bln S&P Capital IQ Consensus.