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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