Activision Blizzard Q3 Earnings Preview: Management Hopes to Shift Focus to Games
Gaming company Activision Blizzard (NASDAQ: ATVI) is scheduled to report third-quarter earnings on Nov. 2. The company experienced negative publicity regarding its corporate culture near the end of July. The California Department of Fair Employment and Housing sued Activision Blizzard suggesting sexual harassment of female employees and discrimination against women regarding promotions and pay. Management is hoping to turn investor attention to financial results instead.
At the pandemic onset, Activision Blizzard saw a surge in engagement from consumers who were staying home more often than usual. Impressively, video gaming engagement has remained high, even as economies are reopening worldwide.
Legal issues hold Activision Blizzard's stock down. Image source: Getty Images.
Source Fool.com
