Tuesday was a rough day that saw European banks fall 3.4%, the S&P 500 decline 0.6% and the Dow Jones Industrial Average drop 0.5%. Additionally, Republican presidential candidate Donald Trump has warned investors to sell stocks ahead of “very scary scenarios.”
There were several companies in the limelight Tuesday that revealed quarterly earnings data, including Electronic Arts Inc. (NASDAQ:EA), Fitbit Inc (NYSE:FIT) and Tableau Software Inc (NYSE:DATA).
Here’s what you need to know:
Electronic Arts Inc. (EA)
Electronic Arts reported its quarterly earnings results Tuesday.
Adjusted earnings for one-time gains amounted to 7 cents a share. Analysts polled by Thomson Reuters had expected earnings at a loss of 2 cents a share.
For its most recent three months, EA’s revenue totaled $682 million. Wall Street projections had called for sales that tallied up to $651.3 million, about $30.7 million less.
As far as current-quarter forecasts go, EA is slated to rake in $1.08 billion in adjusted revenue, lower than the $1.12 billion in adjusted revenue that analysts expected.
EA stock fell 1.7% after the bell.
Fitbit Inc (FIT)
Fitbit had a memorable quarter to report as well.
The fitness tracker manufacturer posted earnings of 12 cents per share on an adjusted basis. The consensus estimate called for adjusted earnings of 11 cents per share.
Revenue was up to $586.5 million, which is higher than the $578.5 million in revenue that Wall Street had projected.
Looking ahead, Fitbit is interested in staying on top of fitness fads at an even quicker pace, launching products in a manner that is more consistent with what the market is asking for.
FIT shares rose 5.7% yesterday.
Tableau Software Inc (DATA)
Tableau Software was on the wrong side of Tuesday’s earnings results.
Adjusted earnings amounted to $300,000, which amounted to break-even a share, for the company’s most recent quarter. Analysts had expected earnings at 5 cents a share.
Revenue was slated to be at $193.7 million, which is lower than the $198.5 million that the company raked in over the quarter.
DATA shares declined 1.9% Tuesday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
