Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $0.48 on revenue of $1.64B. Analysts polled by Investing.com anticipated EPS of $0.4808 on revenue of $1.57B.
Activision Blizzard shares are up 20% from the beginning of the year and are trading at $80.31 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.6% from the start of the year.
Activision Blizzard shares gained 0.29% in after-hours trade after the report.
Activision Blizzard follows other major Communication Services sector earnings this month
Activision Blizzard's report follows an earnings missed by Alphabet C on Tuesday, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Meta Platforms had missed expectations on Wednesday with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.54 on revenue of $28.91B.
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