Valued at a market cap of $38.5 billion, Electronic Arts Inc. (EA) develops, publishes, and markets games, content, and services for game consoles, PCs, mobile phones, and tablets. The California-based company generates revenues from the sale of disk-based video game products, downloadable content (DLCs), subscriptions, micro-transactions, and advertising. It is expected to announce its fiscal Q2 earnings results after the market closes on Tuesday, Oct. 29.
Ahead of this event, analysts expect the video game company to report a profit of $1.53 per share, up 53% from $1.00 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q1, the company’s adjusted EPS of $0.52 topped the consensus estimates by 20.9% but declined 54.4% on a yearly basis.
