Activision Blizzard (ATVI) easily beat Wall Street’s sales and earnings estimates for the second quarter.
However, Activision gave forward guidance below expectations.
ATVI reported net income of $243 million, or 32 cents per share for the second quarter. This compares with $151 million, or 20 cents per share, during the same quarter a year ago. FactSet’s consensus for per-share earnings was 30 cents.
Furthermore, the company said it had 407 million monthly active users in the quarter.
However, they expect revenue for the year to come in at $6.40 billion. This is below FactSet’s consensus of $6.54 billion.