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Activision Blizzard makes profits in the third quarter but frightens investors with a weak fourth-quarter forecast



Investors seem to be peppered with the proceeds of Activision Blizzard these days.

Activision Blizzard reported results for the third fiscal quarter ended September 30, which exceeded analysts' expectations on Thursday. Hours of trading because the company was cautious about its forecast for the important fourth quarter of the financial sector.

Santa Monica, California-based video game giant generated 52 cents a share, exceeding analysts' expectations of 49 cents at 51 cents a share. Sales were in line with expectations at $ 1.66 billion.

Activision Blizzard expects to earn 43 cents per share for the fourth quarter ended Dec. 31, with revenues of $ 2.2 billion.

"Activision Blizzard's Q3 outcomes surpassed our previous outlook While we continue to engage with a broad audience, drive deep engagement, and generate substantial investment in our franchises," said CEO Bobby Kotick in a statement.

Activision itself expected revenues and earnings of $ 1

.49 billion, or 37 cents a share In the prior quarter, Activision Blizzard posted underlying earnings per share of 60 cents a share, compared to 49 cents a share a year ago , $ 9 billion after $ 1.57 billion a year ago, analysts expected adjusted earnings for the third quarter of 49 cents a share, and adjusted sales were $ 1.74 billion.

Activision Blizzard sounds mostly positive on his call to analyst Call of Duty Black Ops 4 beat the previous game, Call of Duty: Black Ops III, with a series of sell-offs Measured measures. The company said there is still "execution risk in the air" but sees a strong exposure to all of its core businesses.

The company said Destiny was not as good as the company wanted, and currency fluctuations outside of the US also present "headwinds".


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