Electronic Arts Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2018
For the nine months, the company reported total net revenue of $3,568 million against $3,318 million a year ago. Operating income was $681 million against $507 million a year ago. Income before provision for income taxes was $695 million against $494 million a year ago. Net income was $436 million against $401 million a year ago. Basic earnings per share were $1.41 against $1.33 a year ago. Diluted earnings per share were $1.40 against $1.28 a year ago. Net cash provided by operating activities was $1,077 million against $1,141 million a year ago. Capital expenditures was $87 million against $94 million a year ago.
The company provided earnings guidance for the full year of fiscal 2018. For the year, the company's net revenue is expected to be approximately $5.100 billion. Net income is expected to be approximately $1.015 billion. Diluted earnings per share is expected to be approximately $3.25. Operating cash flow is expected to be approximately $1.600 billion. Net bookings is expected to be approximately $5.150 billion.
For the fourth quarter, the company expects $1.532 billion and EPS to be $1.86. Analysts had projected revenue of $1.18 billion, non-GAAP EPS of $1.08, and GAAP EPS of $1.88.