Earnings Results: EA stock falls after guidance miss

Investors punished Electronic Arts Inc. stock in the extended session Thursday after the company issued an earnings beat but failed to meet Wall Street’s targets for future quarters.

The videogame titan reported fiscal first-quarter profits of $239 million, which amounts to 95 cents a share, compared with $644 million in the year-earlier period. And it reported net bookings of $743 million, down from $775 million — Wall Street uses EA’s operating data called “net bookings” to model the company’s top line; the company says net bookings are the total number of digital and physical goods combined.

But the company’s guidance may have spooked investors — releasing numbers for the fiscal second quarter and full year that were lower on bookings and profits than Wall Street was looking for.

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