Electronic Arts Q4 Profit Rises - Quick Facts

(RTTNews) - Electronic Arts Inc. (EA) reported that its fourth-quarter net income increased to $367 million or $1.15 per share, from $323 million or $1.05 per share, last year. Non-GAAP net income was $152 million or $0.48 per share, for the quarter.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Total net revenue decreased to $1.12 billion from $1.21 billion. Non-GAAP net revenue was $914 million, compared to $1.04 billion. Analysts expected revenue of $812.35 million, for the quarter.

The company has announced that a special committee of its Board of Directors, on behalf of the full Board, has authorized a new program to repurchase up to $750 million of EA's common stock. The new stock repurchase program, which expires on May 31, 2016, supersedes and replaces the existing stock repurchase authorization approved by the Board in July 2012.

The company expects fiscal 2015: GAAP net revenue to be approximately $4.38 billion; non-GAAP net revenue to be approximately $4.10 billion; GAAP earnings per share to be approximately $2.37; and Non-GAAP earnings per share to be approximately $1.85. Analysts expect the company to report fiscal 2015 earnings per share of $1.52 on revenue of $4.11 billion.

The company expects its first-quarter: GAAP net revenue to be approximately $1.20 billion; Non-GAAP net revenue to be approximately $700 million; GAAP earnings per share to be approximately $1.26; and Non-GAAP loss per share to be approximately $0.05. Analysts expect the company to report a second-quarter loss per share of $0.23 on revenue of $632.68 million.