SANTA MONICA, Calif. — Activision Blizzard Inc. on Thursday reported second-quarter net income of $243 million.
On a per-share basis, the Santa Monica, California-based company said it had net income of 32 cents. Earnings, adjusted for amortization costs stock option expense, deferred revenue, were 43 cents per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The maker of “Call of Duty” and other video games posted revenue of $1.63 billion in the period. Its adjusted revenue was $1.42 billion, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.21 billion.
For the current quarter ending in October, Activision Blizzard expects its per-share earnings to be 45 cents.
The company said it expects revenue in the range of $1.7 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $1.65 billion.
Activision Blizzard expects full-year earnings to be $2 per share, with revenue expected to be $6.6 billion.
Activision Blizzard shares have increased 77 percent since the beginning of the year and 58 percent in the last 12 months. They slipped $1.07, or 1.7 percent, to $62.90 in extended trading following the release of the earnings report.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATVI at https://www.zacks.com/ap/ATVI