https://wccftech.com/ea-q4-2020-earnings-report/

Electronic Arts (NASDAQ:EA) have delivered their results for the quarter ending March 31, 2020, and it seems like the company has weathered the early onset of the COVID-19 pandemic well. Net revenue was up year-on-year and above expectations at $1.39 billion and net income was $418 million, up double from $209 million in Q4 2019. Earnings per share are $1.43, above the $1.20 per share financial analysts were predicting. For the full FY 2020, EA delivered total revenue of $5.54 billion and net income of $3.04 billion, well above the $1.02 billion in revenue they delivered in FY 2019. Despite the better-than-expected results, EA’s stock has still dropped over 6 percent in after-hours trading. Perhaps investors simply aren’t buying EA’s rosy FY 2021 outlook.

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