5 Companies Drawing Attention on Quarterly Reports

In this article, we discuss the 5 companies drawing attention on quarterly reports. If you want to read our detailed analysis of these companies, go directly to the 11 Companies Drawing Attention on Quarterly Reports.

5. Electronic Arts Inc. (NASDAQ:EA)

Number of Hedge Fund Holders: 41

Shares of Electronic Arts Inc. (NASDAQ:EA) turned green in the pre-market trading session on Wednesday, May 11, 2022, after announcing its fiscal fourth-quarter results above expectations.

Electronic Arts Inc. (NASDAQ:EA) reported adjusted earnings of $1.46 per share, topping expectations of $1.43 per share. The quarterly revenue of $1.83 billion also surpassed analysts’ average estimate of $1.77 billion.

Among other updates, Electronic Arts Inc. (NASDAQ:EA) reported that it repurchased 2.5 million worth of its common stock during the quarter. Moreover, it announced a quarterly dividend of 19 cents per share, up 12 percent on a sequential basis.

On the downside, Electronic Arts Inc. (NASDAQ:EA) offered a weak sales outlook for the current quarter. The Redwood City-based videogame publisher expects adjusted sales in the range of $1.20 – $1.25 billion, well below expectations of $1.44 billion.