By Yasin Ebrahim
Investing.com-Activision Blizzard (NASDAQ :) released guidance on full-year performance after reporting higher-than-expected earnings and higher-than-expected earnings in the second quarter of Tuesday.
“In terms of business performance, we are pleased that we continue to perform well in the second quarter and are raising our outlook for this year,” the company said.
In 2021, the company raised its net booking forecast to $ 8.65 billion and EPS to $ 3.76.
Activision Blizzard announced a earnings per share of 91 cents with revenue of $ 1.92 billion. Analysts polled by Investing.com predicted an EPS of 75 cents with $ 1.89 billion in revenue.
Net bookings, the number of products and services sold digitally or physically, decreased from $ 2.1 billion in the year-ago quarter to $ 1.92 billion.
Net bookings will be $ 1.85 billion for the third quarter.
Activision Blizzard’s share price fell 1.59% in after-hours trading after the report.
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Activision Blizzard raised its outlook with Investing.com surpassing results in the second quarter.
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