By Yasin Ebrahim
Investing.com - Activision Blizzard (NASDAQ:ATVI) raised its guidance on full-year performance after reporting Tuesday second-quarter results that beat analysts' forecasts and revenue that topped expectations.
"With respect to our financial performance, we are pleased that the company continued to deliver strong results in the second quarter, and we are raising our outlook for the year,” the company said.
For 2021, the company raised expectations for net bookings to $8.65 billion and EPS to $3.76.
Activision Blizzard announced earnings per share of 91 cents on revenue of $1.92 billion. Analysts polled by Investing.com anticipated EPS of 75 cents on revenue of $1.89 billion.
Net bookings, the number of products and services sold digitally or sold-in physically, fell to $1.92 billion from $2.1 billion in the prior-year period.
Looking ahead to Q3, net bookings to be $1.85 billion.
Activision Blizzard shares lost 1.59% in after-hours trade following the report.
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