Electronic Arts Inc. said its normalized net income for the fiscal first quarter ended June 30 was 69 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.
EPS climbed 44.9% year over year from 47 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $220.6 million, an increase of 49.6% from $147.5 million in the year-earlier period.
The normalized profit margin increased to 18.2% from 15.5% in the year-earlier period.
Total revenue climbed 27.9% year over year to $1.21 billion from $949.0 million, and total operating expenses grew 20.5% year over year to $853.0 million from $708.0 million.
Reported net income increased 51.2% year over year to $334.9 million, or $1.04 per share, from $221.5 million, or 71 cents per share.
