Activision Blizzard (NASDAQ:ATVI) reported third quarter earnings after the close of trading yesterday.
Profits just about tripled, to $148 million, or $0.13 per share, from $51 million, or $0.04 per share, in last year's third quarter.
Adjusted earnings of $0.07 per share were well ahead of analyst expectations.
Adjusted revenue fell to $627 million from $857 million last year, still ahead of analyst expectations.
Activision Blizzard hiked its full-year forecast as well, to earnings of $0.85 per share, from a prior forecast of $0.77 per share.
Also late yesterday, Take-Two Interactive (NASDAQ:TTWO) reported it swung to a loss in its fiscal second quarter, of $47.4 million, or $0.57 per share, from earnings of $3.3 million, or $0.04 per share, last year.
The company's adjusted loss of $0.47 per share was narrower than analysts expected, however.
Revenue fell to $107 million from $245 million in last year's second quarter, but still exceeded analyst expectations.
However, Take-Two's third quarter forecast for earnings of $0.20 to $0.30 per share falls short of analyst expectations.
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