Activision Blizzard Beats Q2 Expectations Courtesy of Call of Duty, Q3 Looking Lean

Activision Blizzard Beats Q2 Expectations Courtesy of Call of Duty, Q3 Looking Lean

6 years ago
Anonymous $oIHRkISgaL

https://wccftech.com/activision-blizzard-q2-2018-earnings/

Activision Blizzard (NASDAQ:ATVI) have released their Q2 results for the fiscal year ending December 31, 2018, and it was another lucrative three months for the for the company, largely thanks to Call of Duty and Destiny 2. Unfortunately, a weaker-than-expected Q3 outlook still caused some wobbles in the company’s stock. During Q2 Activision Blizzard brought in revenue of $1.641 billion, which is slightly up from $1.631 in Q1 2017 and above the company’s outlook of $1.555 billion. Net Income was $402 million, up nicely from $243 million the year before. Earnings per share were $0.52, with non-GAAP results at $0.62 a share, above analyst predictions of $0.35 per share.

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