Electronic Arts' (NASDAQ: EA ) stock dropped by as much as 6% following the video game publisher's latest quarterly earnings announcement. But the sell-off wasn't due to any bad surprises in the quarter that just closed.
In fact, sales improved by 57% over the prior year, while profitability jumped a full six percentage points to reach an impressive 70%. Both the revenue and profit figures were well above EA's guidance -- and ahead of Wall Street's expectations, too.
In the video below, Fool contributor Demitrios Kalogeropoulos discusses the recent results, noting that they were powered by a 28% spike in digital receipts, and a few hit game launches. However, investors weren't happy to hear that the release of two of EA's highly anticipated games, Battlefield Hardline and Dragon Age: Inquisition, would be delayed. That shouldn't worry long-term shareholders, Demitrios argues, as a short delay will likely just push sales and profits from these games into future quarters. Watch the video for Demitrios' full take.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!