Attendees play Activision Blizzard Inc.'s Overwatch computer game at the AOC Open e-Sports event in Tokyo.

Activision Blizzard shares dive following media report on earnings

Activision Blizzard shares out of the blue fell 5 % early Thursday afternoon earlier than buying and selling was halted.

Source: FactSet

“As we look ahead, our innovative core gaming pipeline, as well as initiatives like mobile, esports, and advertising, will continue to drive growth for our business,” Activision CEO Bobby Kotick stated in a launch.

The firm additionally introduced it is going to pay shareholders a dividend of 34 cents a share.

The Dow Jones headlines stated Activision posted earnings per share of 65 cents within the first quarter, and a web revenue determine of $500 million. The information wire later revised its preliminary headline on income greater to $1.965 billion.

Shares of rivals Take-Two Interactive and Electronic Arts spiked greater than 5.5 and almost four % in afternoon buying and selling, respectively. The two firms are scheduled to report quarterly ends in the following two weeks.

This story is growing. Please test again for updates.

— CNBC’s Julia Boorstin and Christine Wang contributed to this report.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *