Scalper1 News
Video game publishers Activision Blizzard and Electronic Arts are riding high thanks to a new generation of game machines starting to populate consumers’ living rooms. Both companies reported March quarter results late Tuesday that beat analyst expectations. Activision stock galloped ahead 8.8% to 21.01 on Wednesday, while Electronic Arts (EA) vaulted 21% higher to 33.95. EA hit its highest price in over five years on Wednesday. Activision is just off its all-time high of 21.50 reached on March 17. Activision (ATVI) earned 19 cents a share minus items on sales of $772 million in Q1. Analysts polled by Thomson Reuters were expecting earnings per share of 10 cents on sales of $688 million. EA earned 48 cents a share excluding items on sales of $914 million. Wall Street was looking for 11 cents EPS on sales of $812 million. Activision and EA trading at or near fresh highs comes as … Scalper1 News
Scalper1 News