Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $0.58 on revenue of $1.52B. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $1.32B. That with comparison to EPS of $0.31 on revenue of $1.26B in the same period a year before.Activision Blizzard had reported EPS of $1.23 on revenue of $2.71B in the previous quarter.Analysts are expecting EPS of $0.39 and revenue of $1.31B in the upcoming quarter.
Activision Blizzard shares are up 15% from the beginning of the year and are trading at $70.27 , down-from-52-week-high.They are outperforming the Nasdaq which is down 2.55% year to date.
Activision Blizzard shares gained 2.54% in after-hours trade the report.
Activision Blizzard follows other major Technology sector earnings this month
Activision Blizzard's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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