Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Activision Blizzard announced earnings per share of $1.25 on revenue of $2.49B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $2.83B.
Activision Blizzard shares are up 18% from the beginning of the year and are trading at $79.19 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 11.15% from the start of the year.
Activision Blizzard shares gained 0.30% 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 Tuesday, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.78 on revenue of $72.19B.
Meta Platforms had missed expectations on Wednesday with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.85 on revenue of $33.34B.
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