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Why Analysts Are Chasing Activision Blizzard Even Higher

Activision Blizzard Inc. (NASDAQ: ATVI) reported its most recent quarterly results after the markets closed on Thursday. The company blew away its results, as it has done many times before, and now analysts are chasing this stock even higher.

24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about Activision Blizzard after the report.

The company reported $0.23 in earnings per share (EPS) on $908 million in revenue, which compared to consensus estimates from Thomson Reuters of $0.12 in EPS on revenue of $812.12 million. In the same period of last year, the company posted EPS of $0.16 and $703.00 million in revenue.