Activision Blizzard (ATVI) Is Falling After Q3 Profit Disappoints
Activision Blizzard (ATVI) reported third quarter adjusted EPS of $0.42 after the bell Thursday. The company’s revenue for the quarter fell 6.8% to $1.51 billion from $1.62 billion last year. The consensus estimates had been for EPS of $0.50 and revenues of $1.66 billion.
Fourth quarter EPS is expected to come in at $0.64. Street expectations are for EPS of $1.34.
Activision Blizzard dropped in earl trade Thursday, but settled into a range for the majority of the session. Shares finished down by 2.30 at $62.79. The stock is now down 4.34 on 277K shares after the bell.
Source: Read Full Article