Activision Blizzard reported its first quarter results on Monday (NASDAQ:). They beat the analysts’ estimates and had revenue that exceeded expectations.

Activision Blizzard reported earnings per share at $0.76 on revenues of $2.06B. Investing.com polled analyst to predict EPS of $0.7068 based on $1.82B revenue.

Activision Blizzard shares have increased 18% since the start of the year. However, they are still 20.95% below their 52-week high of $99.44 on June 14, 2021. The Nasdaq is still down 17.93% since the beginning of the year. They outperform them.

Activision Blizzard stock lost 0.06% pre-market trade after the report.

Activision Blizzard is following other important earnings in the Communication Services sector this month

Activision Blizzard reports on Friday after Verizon beat them on earnings. Verizon reported an EPS report of $1.35 for revenue $33.55B. This compares to Verizon’s forecasts of $1.34 for revenue $33.61B.

AT&T had beat expectations on Thursday with first quarter EPS of $0.77 on revenue of $38.11B, compared to forecast for EPS of $0.6183 on revenue of $38.24B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar