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 April 29, 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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