Akamai forecasts fourth-quarter revenue below estimates on weak client spending [Yahoo! Finance]
Electronic Arts Inc. (EA)
Last electronic arts inc. earnings: 1/30 04:01 pm
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Source: Yahoo! Finance
content delivery services by clients grappling with an uncertain macroeconomic environment. Shares of the Cambridge, Massachusetts-based company fell 9% in extended trading. Higher-for-longer interest rates and sticky inflation have prompted clients to tighten their purse strings, hurting firms such as Akamai, which provides services to deliver web content faster, as well as cybersecurity software. The company expects fourth-quarter revenue in a range of $995 million to $1.02 billion, compared with analysts' average estimate of $1.03 billion, according to data compiled by LSEG. Slowing traffic growth and a large social media customer optimizing its business to reduce costs had also impacted the company's sales, Akamai said in May. Overall traffic growth levels have still not begun to rebound, D.A. Davidson analysts said in a note in August. Akamai's third-quarter revenue rose 4% to $1.01 billion, compared to estimates of $999 million. Its customers include Adobe, eBay an
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EA
News
- Saquon Barkley's backwards hurdle spin move added in Madden 25 update [CBS News]CBS News
- Electronic Arts Shares up 22% YTD: How Should You Play the Stock? [Yahoo! Finance]Yahoo! Finance
- Electronic Arts Inc.'s (NASDAQ:EA) Stock Is Going Strong: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
- ‘Dragon Age: The Veilguard' Endures A Brutal Game Awards Shutout [Forbes]Forbes
- What Got A Game Awards 2024 Game Of The Year Nomination, And What Didn't [Forbes]Forbes
EA
Earnings
- 10/29/24 - Miss
EA
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/19/24 - Form 4
- EA's page on the SEC website