Activision Blizzard Beat Sales And Earnings Estimates

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.

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