Will Electronic Arts Disappoint Investors on Tuesday?
Electronic Arts (NASDAQ: EA) investors could be in for a volatile trading week ahead. The video game developer is set to announce its fiscal 2023 first-quarter results (for the quarter ended June 30) in just a few days. And, while its last few reports showed solid sales and profit trends, this update might be different.
Wall Street is worried about an impending growth hangover as consumers tilt demand away from digital content. But that's just one of the key concerns heading into Tuesday afternoon's report.
EA gave investors plenty to celebrate in its last earnings update. Back in May, the company revealed that sales rose 18% for the fiscal fourth quarter (ended March 31), marking just a modest deceleration from previous quarters. Overall, sales rose 21% for the full fiscal 2022 year.
Source Fool.com
