Hi all, just been following EA’s earnings session and despite a loss per share of $0.4 well under expectations, and as far as I can tell, no exceptionally positive guidance for FY 2023, their share price has risen 4%. They did beat revenue expectations and saw YoY sales growth of 11% but this seems negligible in the face of such a massive miss on earnings. Does anyone have any insight into the markets reaction to this? I couldn’t see any one off expenses on their books that could explain the loss and I can’t find anything explaining why such a large miss is not seeing a negative reaction in the markets as we’ve seen all through this earnings session. Thanks!
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