Electronic Arts Inc., AT&T Inc. Post Earnings Beats

Electronic Arts and AT&T both released their latest earnings reports after closing bell tonight. Electronic Arts posted diluted earnings of $1.22 per share on adjusted sales of $1.43 billion, compared to $1.57 billion in the same quarter last year. Analysts had been expecting the game maker to post earnings of 92 cents per share on $1.3 billion in revenue for the third fiscal quarter of 2015.

AT&T reported adjusted earnings of 55 cents per share on revenue of $34.4 billion, compared to $33 billion last year. Analysts had been expecting the mobile carrier to report earnings of 54 cents per share on $34.2 billion in revenue for the fourth quarter.

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Key metrics from Electronic Arts’ earnings report

Electronic Arts reported that its net sales were higher than their guidance of $1.275 billion. The company’s earnings were higher than its guidance of 90 cents per share.

For the third fiscal quarter, Electronic Arts reported more than 160 million monthly active users for its mobile games and 22 million downloads of the SimCity BuildIt game, which just launched last month. The game maker said it was the top PlayStation 4 and Xbox One publisher in the world.

The game maker expects adjusted earnings for the full 2015 fiscal year to be about $2.35 per share, an increase from the previous guidance of $2.05 per share and compared to the consensus estimate of $1.99 per share. Electronic Arts also increased its revenue guidance from the previous estimate of $4.175 billion up to $4.253 billion.

Key metrics from AT&T’s earnings reports

AT&T reported a loss of 77 cents per share because of non-cash charges, compared to $1.31 per share in earnings in the same quarter a year ago. The company posted a 7.7% increase in Wireless revenues and an 18% increase in wireless data billings. AT&T added 5.6 million subscribers last year, including 1.9 million in the fourth quarter. Postpaid net adds were 854,000 during the quarter.

The company’s wireline revenues were $14.6 billion, including $2.6 billion in strategic business services revenues. Total U-verse revenues were $3.9 billion in the quarter.