Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $0.91 on revenue of $1.92B. Analysts polled by Investing.com anticipated EPS of $0.7549 on revenue of $1.89B.
Activision Blizzard shares are down 13% from the beginning of the year and are trading at $78.59 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.8% from the start of the year.
Activision Blizzard shares lost 1.59% in after-hours trade the report.
Activision Blizzard follows other major Communication Services sector earnings this month
Activision Blizzard's report follows an earnings beat by Alphabet C on July 27, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
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