Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal

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Activision Blizzard pre-releases earnings after Britain blocks Microsoft deal
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Call of Duty maker Activision Blizzard beat quarterly bookings estimates on Wednesday (Apr 25), as it reported results a day earlier to allay concerns about its business after Britain block

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Shares of the company were trading 10 per cent lower, showing little reaction to the earnings report.

"We remain confident that our deal with Microsoft benefits competition, consumers and job creation in markets around the world, especially in the UK," Activision CEO Bobby Kotick said.

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Microsoft shares rise 4% as earnings, revenue top forecastsMicrosoft shares rise 4% as earnings, revenue top forecastsMicrosoft beat Wall Street's estimates for third-quarter revenue on Tuesday (Apr 25), driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4 per cent in after-market trading following a report by Redmond, Washington-based Microsoft that profits were US$2.45 per
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