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 $1.21 on revenue of $3.05B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $2.82B.
Activision Blizzard shares are down 0% from the beginning of the year and are trading at $97.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3.06% from the start of the year.
Activision Blizzard shares gained 4.62% in after-hours trade following the report.
Activision Blizzard follows other major Technology sector earnings this month
Activision Blizzard's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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