Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of video game maker Electronic Arts
So what: Revenue for the quarter clocked in at $1.4 billion, which was basically in line with Wall Street expectations. Non-GAAP earnings per share were $0.59, which was at the high end of Electronic Arts' estimates and above the average analyst estimate of $0.57. The company reported strong 39% growth from its digital games and saw good traction for online games including Madden NFL and FIFA Superstars on Facebook. It also announced a $600 million share buyback, a move that underscores the company's confidence in its future.
Now what: Electronic Arts needs to stay on top of its game (pun intended) if it hopes to compete effectively with its larger rival, Activision Blizzard
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