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Online game firm Digital Arts, Inc. (NASDAQ: EA) reported increased earnings and revenues for the fourth quarter of 2022. The highest line additionally exceeded analysts’ estimates.
Through the March quarter, the corporate’s revenues elevated 36% year-over-year to $1.83 billion and got here in above the consensus forecast. The highest line benefitted from an 18% progress in web bookings to $1.75 billion.
Earnings of the Redwood Metropolis, California-based firm rose to $225 million or $0.80 per share in the newest quarter from $76 million or $0.26 per share within the fourth quarter of 2021.
Test this area to learn administration/analysts’ feedback on Digital Arts’ This fall report
Shares of Digital Arts skilled excessive volatility this yr, with the current market selloff including to the weak spot. The inventory closed Tuesday’s common session decrease and continued to lose within the after-hours session.
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