Activision Blizzard (NASDAQ:ATVI) reported fourth quarter earnings that matched analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.29 on revenue of $2.84B. Analysts polled by forecast EPS of $1.29 on revenue of $3.04B. That compared to EPS of $0.93 on revenue of $2.64B in the same period a year earlier. The company had reported EPS of $0.53 on revenue of $1.66B in the previous quarter.
Activision Blizzard shares lost 4.01% to trade at $40.00 in after-hours trade following the report.
Activision Blizzard follows other major Technology sector earnings this month
On February 4, Alphabet C reported fourth quarter EPS of $12.77 on revenue of $39.28B, compared to forecasts of EPS of $10.82 on revenue of $38.91B.
Facebook earnings beat analyst's expectations on January 30, with fourth quarter EPS of $2.38 on revenue of $16.91B. analysts expected EPS of $2.18 on revenue of $16.39B
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