Ron Burgundy Posted May 6, 2014 Share Posted May 6, 2014 By Malathi Nayak SAN FRANCISCO (Reuters) - Video game publishers Electronic Arts Inc and Activision Blizzard Inc posted quarterly profit and revenue that beat expectations on Tuesday, sparking a rally in their shares. On Nasdaq, Electronic Arts rose 15 percent after closing at $28.05, and Activision climbed 4 percent after closing at $19.31. Electronic Arts also said it will set aside $750 million for a new share repurchase program. The games publisher, known for its "FIFA" and "Madden" games, recorded non-GAAP net revenue of $914 million in its fiscal fourth quarter, down from $1.04 billion a year ago but more than the $812.4 million that Wall Street had expected. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.