ELECTRONIC ARTS INC. (NASDAQ:EA) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Result of Operations and Financial Condition.
announcing its financial results for the fiscal quarter and
fiscal year ended March 31, 2017. A copy of the press release is
attached hereto as Exhibit 99.1.
the press release shall be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing.
authorized a new program to repurchase up to $1.2 billion of EAs
common stock. This new stock repurchase program expires on May
31, 2019. Under this program, EA may purchase stock in the open
market or through privately-negotiated transactions in accordance
with applicable securities laws, including to pre-arranged stock
trading plans. The timing and actual amount of the stock
repurchases will depend on several factors including price,
capital availability, regulatory requirements, alternative
investment opportunities and other market conditions. EA is not
obligated to repurchase any specific number of shares under this
program and it may be modified, suspended or discontinued at any
time.
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Exhibit No.
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Description
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99.1
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Press release dated May 9, 2017, relating to Electronic
Arts Inc.s financial results for the fiscal quarter and fiscal year ended March 31, 2017. |
About ELECTRONIC ARTS INC. (NASDAQ:EA)
Electronic Arts Inc. develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed. The Company markets and sells its games and services through retail channels and through digital distribution channels. The Company’s PC games and additional content can be downloaded directly through its Origin online platform, as well as through third-party online download stores. Its mobile, tablet and PC free-to-download games and additional content are available through third-party application storefronts, such as the Apple Application Store and Google Play. ELECTRONIC ARTS INC. (NASDAQ:EA) Recent Trading Information
ELECTRONIC ARTS INC. (NASDAQ:EA) closed its last trading session up +0.28 at 96.01 with 5,318,594 shares trading hands.
