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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Activision Blizzard Inc | NASDAQ:ATVI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 94.42 | 104.01 | 94.42 | 0 | 01:00:00 |
From Apr 2022 to Apr 2024
By Denny Jacob
Activision Blizzard Inc. said lower profit and sales in the latest quarter reflected reduced engagement for its Call of Duty videogame series following weaker reception for last year's premium release.
The videogame company recorded net income of $435 million, or 55 cents a share, for the third quarter ended Sept. 30, from $639 million, or 82 cents a share, a year earlier. Adjusted earnings were 68 cents a share, above analysts' estimates of 50 cents.
Revenue declined to $1.78 billion from $2.07 billion. Analysts polled by FactSet expected $1.7 billion.
The Santa Monica, Calif.-based company said it expects segment revenue and operating income to return to year-over-year growth in the fourth quarter following the launch of its latest videogame in its Call of Duty series.
Activision in January agreed to be acquired by Microsoft Corp. for $75 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
November 07, 2022 16:32 ET (21:32 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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