Why Shares of Electronic Arts Inc. Popped in July

Shares of Electronic Arts Inc. (NASDAQ: EA) jumped 10.4% in July, according to data provided by S&P Global Market Intelligence, after earnings and increasing expectations for the gaming industry pushed shares higher.

Earnings weren't released until late in the month, but anticipation was high heading into the quarter, particularly as new titles like FIFA 18 and Madden NFL 18 are prepped for store shelves. Fiscal first-quarter revenue rose 14% to $1.45 billion, and operating income was up 33% to $743 million despite the lack of hit new games in the quarter.

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Source: Fool.com