Activision Blizzard Earnings beat, Revenue Inline In Q3
Investing.com - Activision Blizzard (NASDAQ:ATVI) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.53 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $0.5 on revenue of $1.66B. That compared to EPS of $0.6 on revenue of $1.9B in the same period a year earlier. The company had reported EPS of $0.4 on revenue of $1.39B in the previous quarter.
For the year, Activision Blizzard shares are down 0.84%, under-performing the Nasdaq 100 which is up 11.3% year to date.
Activision Blizzard follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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