Video game giant Activision Blizzard (ATVI) reported its second quarter earnings after the closing bell on Tuesday, beating analysts' expectations on the top and bottom lines.
Dan Howley joins Myles Udland and Brian Sozzi to break down Take-Two beating estimates and how analysts' uncertainty on post-pandemic gaming is contributing to a slump in the company’s stock.
(Bloomberg) -- Activision Blizzard Inc., the video-game giant currently at the center of controversy over harassment and sexism in the industry, reported quarterly results that beat Wall Street projections and raised its outlook for the year.The maker of popular games like Call of Duty and World of Warcraft said Tuesday that second-quarter profit excluding some items totaled 91 cents a share. That compared with analysts’ estimates of 75 cents. Adjusted revenue came to $1.92 billion, beating proj