Activision Blizzard (Nasdaq: ATVI) announced second-quarter financial results after the regular trading hours on Tuesday. The second-quarter results were better than what the street had anticipated.
ATVI shares fell 2% immediately following the announcement. The stock has gained 48% since the beginning of this year.
CEO Bobby Kotick said, “While economic uncertainty could have an impact on our near-term results, the initiatives that drove our growth for the first half of the year should also provide the foundation for long-term growth.”
Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ: