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 and are trading at $60.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 5.89% year to date.
Activision Blizzard shares lost 0.40% 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 Tuesday, January 28, 2020, 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 Wednesday, January 29, 2020 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.
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