5 Stocks Gaining Attention on Earnings Reports

In this article, we discuss the 5 stocks gaining attention on earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Gaining Attention on Earnings Reports.

5. Electronic Arts Inc. (NASDAQ:EA)

Number of Hedge Fund Holders: 56

Shares of Electronic Arts Inc. (NASDAQ:EA) hit a one-month high in the pre-market trading session on Thursday, 4 November 2021, after posting solid revenue for its fiscal second quarter.

The leading videogame publisher reported earnings of $1.02 per share, well above 63 cents per share in the comparable period of 2020. Revenue for the quarter came in at $1.83 billion, compared to revenue of $1.15 billion it generated in the same period last year. Analysts were expecting Electronic Arts Inc. (NASDAQ:EA) to report earnings of  $1.17 per share on revenue of $1.79 billion.

The company also updated the financial outlook for its fiscal third quarter. Electronic Arts Inc. (NASDAQ:EA) expects to earn 2 cents per share on revenue of approx. $1.75 billion for the third quarter.

Speaking on the results, CFO Blake Jorgensen said:

“EA delivered another strong quarter, primarily driven by our EA SPORTS titles and Apex Legends. “Based on our confidence in our franchises and live services, we are again raising guidance this quarter. We’re positioned for a strong holiday season driven by our exciting Battlefield 2042 game, with growth drivers in place for this year, next year, and beyond.”