Video Game Publisher Activision Blizzard Tops First-Quarter Sales, Earnings Targets

Video game publisher Activision Blizzard (ATVI) late Tuesday topped Wall Street’s targets for the first quarter. ATVI stock rose in extended trading.


The Santa Monica, Calif.-based company earned an adjusted 84 cents a share on net bookings of $2.07 billion in the March quarter. Analysts had expected earnings of 70 cents a share on sales of $1.78 billion. In the year-earlier period, Activision earned an adjusted 58 cents a share on net bookings of $1.52 billion.

In after-hours trading on the stock market today, ATVI stock jumped 6%, near 94. During the regular session Tuesday, ATVI stock fell 2.7% to 88.69.

In addition to ATVI stock, another video game stock moving on earnings news Tuesday was Skillz (SKLZ).

Details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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