Activision Blizzard Earnings, Revenue Beat in Q4
Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $1.23 on revenue of $2.71B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $2.68B. That with comparison to EPS of $1.29 on revenue of $2.84B in the same period a year before. Activision Blizzard had reported EPS of $0.31 on revenue of $1.21B in the previous quarter. Analysts are expecting EPS of $0.38 and revenue of $1.34B in the upcoming quarter.
Activision Blizzard shares are up 1% from the beginning of the year , still down 2.68% from its 52 week high of $61.90 set on January 22. They are under-performing the Nasdaq which is up 5.89% year to date.
Activision Blizzard shares lost 0.40% in after-hours trade following the report.
Activision Blizzard follows other major Technology sector earnings this month
Activision Blizzard's report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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