Gaming industryElectronic Arts (EA) released its fiscal 2019 third-quarter earnings yesterday after markets closed. The stock was trading sharply lower in after-hours trading yesterday. Take-Two Interactive Software (TTWO) is scheduled to release its earnings today, while Activation Blizzard’s (ATVI) earnings are expected on February 12. NetEase (NTES) is expected to release its earnings results on February 20.Electronic Arts’ earningsElectronic Arts missed top-line estimates but posted better-than-expected earnings. However, it lowered its guidance. Andrew Wilson, Electronic Arts’ CEO, said, “We had significant challenges in Q3 and did not perform up to our expectations. We expect these challenges will continue to impact our performance in Q4, which has led us to lower our full fiscal year net revenue guidance.” He also added that the company did not meet its sales expectations for Battlefield V and that the company’s “performance in Asia was also not as strong as expected.”\n\nHowever, CFO Blake J. Jorgensen said, “the performance of FIFA and FIFA Ultimate Team was a bright spot with the franchise proving extremely resilient in the face of intense competition.”GrowthThe gaming industry (QQQ) (GME), which has seen phenomenal growth over the last decade, has been under some pressure. In China (TCEHY), regulators have been slow in approving new games, which hurt the industry. Apple (AAPL) and NVIDIA (NVDA) are among the companies that have said China’s slowdown is impacting their earnings.\n\nMeanwhile, after EA’s earnings release, Baird lowered the stock’s price target from $154 to $90, while Morgan Stanley cut its price target by $20 to $80. Wall Street has been bearish on gaming stocks this year. Read How Analysts See Gaming Stocks ahead of Their Earnings Results for more information.