Investing.com - Activision Blizzard (NASDAQ:ATVI) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Activision Blizzard announced earnings per share of $0.76 on revenue of $2.06B. Analysts polled by Investing.com anticipated EPS of $0.7068 on revenue of $1.82B.
Activision Blizzard shares are up 18% from the beginning of the year, still down 20.95% from its 52 week high of $99.44 set on June 14, 2021. They are outperforming the Nasdaq which is down 17.93% from the start of the year.
Activision Blizzard shares lost 0.06% in pre-market trade following the report.
Activision Blizzard follows other major Communication Services sector earnings this month
Activision Blizzard's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.35 on revenue of $33.55B, compared to forecasts EPS of $1.34 on revenue of $33.61B.
AT&T had beat expectations on Thursday with first quarter EPS of $0.77 on revenue of $38.11B, compared to forecast for EPS of $0.6183 on revenue of $38.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar