Electronic Arts Jumps Most in 24 Years as Turnaround Takes Hold
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Electronic Arts Inc. rose the most in more than two decades after posting profit gave investors confidence that a turnaround under Chief Executive Officer Andrew Wilson is gaining strength.
Fiscal fourth-quarter, excluding some items totaled 48 cents a share, Redwood City, California-based Electronic Arts, the No. 2 U.S. video-game publisher, said yesterday in a statement. That topped the 11-cent average of 23 analysts’ estimates compiled by Bloomberg.