The company that was purchased for a record amount in a surprising report – how did the investors react?

by time news

The company’s revenues in the quarter did decrease by 3% compared to the corresponding quarter last year, to 1.83 billion dollars – but were still far above analysts’ expectations for a double collapse to 1.7 billion dollars. In the line of net profit it recorded 1.78 billion dollars and in the line of profit per share 68 cents – both figures are higher than a year ago and significantly above analysts’ expectations from the company in the three months that ended in September.

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This trend is probably not expected to change in the current quarter: the company stated that two games it launched in it have already broken records – Call of Duty: Modern Warfare II won sales of a billion dollars in 10 days, breaking all previous records in the series, and even enjoyed the number of hours of the big game the most in the history of the series in the first month, while the new game of the company’s smartphone division, King (acquired by Activision thanks to the hysterical hit Candy Crush), Overwatch 2, was launched only a month ago and already registered double the number of players of the original Overwatch. All this is expected to be joined soon by another game in the Call of Duty series that will be launched in the coming days, and the company even stated that next year another title in the popular series will be launched.

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