Electronic Arts Inc. (NASDAQ: EA) reported a second fiscal quarter 2014 results after markets closed on Tuesday. The games company posted adjusted diluted EPS of $0.33 and $1.04 billion in non-GAAP revenue. In the same period a year ago, EA reported EPS of $0.15 on non-GAAP revenues of $1.08 billion. Second-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.12 and $976.10 million in revenue.
The video game maker offered third fiscal quarter guidance of $1.65 billion in revenue, short of the consensus estimate of $1.75 billion, and adjusted EPS guidance of $1.22, again short of the consensus estimate of $1.32. Full-year guidance for calls for EPS of $1.25 and full-year revenue of $4 billion. Full-year guidance is above the consensus estimate of $1.22 for EPS, but slightly below the consensus revenue estimate of $4.02 billion.
Non-GAAP revenue estimates include a positive impact of $450 million in full-year expected revenues due to a change in deferred net revenue for online-enabled games. A similar exclusion will add about $875 million to expected fourth-quarter revenues.
Earlier on Tuesday the company said it was parting ways with Tiger Woods and his golf video game after 15 years and $771 million in sales. The decision to end the relationship was mutual according to the company.
Shares are up about 3% in after-hours trading at $24.13 in a 52-week range of $11.90 to $28.13. Thomson Reuters had a consensus analyst price target of around $26.90 before today’s results were announced.
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