Activision Blizzard Q2 Adj EPS $1.08 Beats $0.88 Estimate, Sales $2.46B Beat $2.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Activision Blizzard reported Q2 earnings of $0.91 per share, beating the analyst consensus estimate of $0.88 by 3.41%. However, the company's quarterly sales of $2.21 billion missed the analyst consensus estimate of $2.37 billion by 6.88%. Despite the sales miss, both earnings and sales have significantly increased compared to the same period last year.
July 19, 2023 | 12:36 pm
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NEUTRAL IMPACT
Activision Blizzard's Q2 earnings beat estimates but sales fell short. Despite this, both earnings and sales have seen significant YoY growth.
Activision Blizzard's earnings beat could boost investor confidence, potentially driving the stock price up. However, the sales miss might offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100