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 $0.84 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $0.698 on revenue of $1.78B.
Activision Blizzard shares are down 4% from the beginning of the year and are trading at $90.35 , down-from-52-week-high.They are under-performing the Nasdaq which is up 5.78% from the start of the year.
Activision Blizzard shares gained 1.84% 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 Apple on Wednesday, April 28, 2021, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on Tuesday, April 27, 2021 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
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