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Activision Blizzard Q2 earnings top estimates

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Yahoo Finance's Dan Howley breaks down Activision Blizzard's latest earnings report.

Video Transcript

DAN HOWLEY: Earnings per share was $0.91. That's versus $0.75. They also have beat on the projected for Q3 forecast. They're calling for $1.85 billion in revenue versus $1.79 billion for the coming quarter. They're, however, going to see less in terms of earnings per share at $0.65, compared to what Wall Street was expecting for $0.75.

And this all, of course, comes against the backdrop of the recent sexual harassment scandal that's been going on at the company. The president of Blizzard stepped down, J. Allen Brack this morning. He's being replaced by two co-leaders. And so there's also a new lawsuit on top of the current sexual harassment lawsuit accusing the company of misleading investors and not telling them about the sexual harassment lawsuit beforehand.