Activision Blizzard, Inc. (NASDAQ:ATVI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 257.58% to $354 million (78 cents per diluted share adjusted ) in the quarter versus a net gain of $99 million in the year-earlier quarter. Revenue rose 25.66% to $1.77 billion from the year-earlier quarter.
Activision Blizzard, Inc. reported adjusted net income of 78 cents per share. By that measure, the company beat the mean analyst estimate of $0.72. It missed the average revenue estimate of $2.44 billion.