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 January 28, 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 January 29 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar