Activision Blizzard, Inc (NASDAQ:ATVI) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ATVI to report 3Q20 income of $ 0.65 per share.
For the full year, analysts anticipate top line of $ 7942.55 million, while looking forward to income of $ 3.30 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.60 ~ $ 0.60 per share, while revenues are expected in a range of $ 1,650.00 million ~ $ 1,650.00 million
Full Year 2020 topline are forecasted in a range of$ 7,625.00 million ~ $ 7,625.00 million, where as bottomline are predicted in a range of $ 3.05 ~ $ 3.05 per share
Click Here For More Historical Outlooks Of Activision Blizzard, Inc
Previous Quarter Performance
Activision Blizzard, Inc unfold income for the second quarter of $ 0.97 per share, from the revenue of $ 2,078.00 million. The quarterly earnings swell 155.26 percent while revenues grew 72.16 percent compared with the same quarter last year.
Wall street analysts are predicting, ATVI to report 2Q20 income of $ 0.68 per share from revenue of $ 1696.65 million. The bottom line results beat street analysts by $ 0.29 or 42.65 percent, at the same time, top line results outshined analysts by $ 381.35 million or 22.48 percent.
Stock Performance
Shares of Activision Blizzard, Inc traded low $ -1.95 or -2.41 percent on Wednesday, reaching $ 79.01 with volume of 5.80 million shares. Activision Blizzard, Inc has traded high as $ 80.68 and has cracked $ 78.93 on the downward trend
According to the previous trading day, closing price of $ 79.01, representing a 60.29 % increase from the 52 week low of $ 50.51 and a 7.72 % decrease over the 52 week high of $ 87.73.
The company has a market capital of $ 60.99 billion and is part of the Technology sector and Multimedia & Graphics Software industry.
Conference Call
Activision Blizzard, Inc will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.activisionblizzard.com
Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment.
