Video Game Publishers Report Positive Earnings

Video Game Publishers Report Positive Earnings

Two of the biggest video game publishers reported earnings for the January-March period after Tuesday's closing bell.

Activision Blizzard Reports Q1 Earnings Beat

Activision Blizzard ATVI reported adjusted quarterly earnings of 58 cents per share, which beat the analyst consensus estimate of 38 cents.

Adjusted sales came in at Adj. Sales $1.522 billion.

Activision Blizzard shares were trading up 4.63% at $71.70 in Tuesday’s after-hours session. The stock has a 52-week high of $69.63 and a 52-week low of $41.84.

Electronic Arts Reports Q4 Earnings Beat

Electronic Arts EA reported quarterly earnings of $1.43 per share, which beat the analyst consensus estimate of 98. This is a 9.16% increase over earnings of $1.31 per share from the same period last year.

The company reported quarterly sales of $1.387 billion, which beat the analyst consensus estimate of $1.19 billion. This is a 1.69% increase over sales of $1.364 billion the same period last year.

EA shares were trading down 4.23% at $5.06 in Tuesday’s after-hours session. The stock has a 52-week high of $120.19 and a 52-week low of $85.69.

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