Activision Blizzard, Inc. (ATVI) Stock Heats Up on Q1 Earnings Beat

ATVI has a strong outlook for Q2

Activision Blizzard, Inc. (ATVI) stock was up on Friday following the release of its Q1 earnings report.

Activision Blizzard, ATVI stockActivision Blizzard reported earnings per share of 23 cents for Q1 2016. This is up from the 16 cents it reported during the same time last year. It also surpassed the 12 cents that Wall Street was expecting.

Revenue reported by ATVI during the first quarter of 2016 was $908 million. It reported revenue of $703 million in Q1 2015. Analysts were estimating that the company would report revenue of $812 million during the quarter.

Activision Blizzard is expecting EPS of 38 cents and revenue of $1.37 billion for Q2 2016. Wall Street is expecting EPS of 33 cents and revenue of $1.33 billion for that quarter.

ATVI shares were up 5% as of Friday morning.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/05/activision-blizzard-atvi-stock/.

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