Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $0.71 on revenue of $1.77B. Analysts polled by Investing.com anticipated EPS of $0.65 on revenue of $1.68B.
Activision Blizzard shares are up 30% from the beginning of the year and are trading at $72.97 , down-from-52-week-high.They are broadly in line with the Nasdaq 100 which is up 29.97% from the start of the year.
Activision Blizzard shares lost 6.16% in after-hours trade after the report.
Activision Blizzard follows other major Technology sector earnings this month
Activision Blizzard's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Alphabet C had beat expectations on Thursday with third quarter EPS of $16.4 on revenue of $46.17B, compared to forecast for EPS of $11.3 on revenue of $42.76B.
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