Categories AlphaGraphs, Earnings, Leisure & Entertainment
Activision Blizzard (ATVI) stock gains on stronger-than-expected Q1 earnings
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) gained Tuesday evening after the video game developer reported higher first-quarter revenues and earnings that topped expectations. The company also provided guidance for the second quarter and fiscal 2021.
At the end of the quarter, Activision had around 435 million monthly active users and there was a 36% year-over-year increase in net bookings to $2.07 billion. Net revenues moved up 27% to $2.28 billion and came in above the market’s prediction.
First-quarter earnings, excluding one-off items, rose to $0.98 per share from $0.76 per share last year, which is above the 70-cents profit analysts had projected. Net income, on an unadjusted basis, climbed to $619 million or $0.79 per share from $505 million or $0.65 per share in the first quarter of 2020.
Read management/analysts’ comments on Activision’s Q1 eanings
Activision’s stock has grown 20% in the past twelve months. It made strong gains Tuesday evening soon after the announcement, after closing the regular session lower.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06