Activision Blizzard (ATVI) reported adjusted quarterly profit of 52 cents per share, beating estimates by two cents, with the video game publisher's revenue matching analyst forecasts. However, the shares are being pressured by a weaker than expected current quarter forecast, due in part to weakness in its "Destiny" franchise.
Hertz Global (HTZ) earned adjusted $2.14 per share for its latest quarter, beating the consensus estimate of $1.71, while the car rental company's revenue also beat Wall Street projections. Hertz said it is pleased with the results of its operational turnaround, with revenue and profit having increased year-over-year for the fourth consecutive quarter.
Dropbox (DBX) beat estimates by five cents with adjusted quarterly profit of 11 cents per share, with the cloud storage company's revenue also beating forecasts. Dropbox also gave an upbeat current quarter revenue forecast on an expansion in its paying customer base.
Yelp (YELP) fell a penny shy of expectations with profit of nine cents per share, and also saw revenue fall short of estimates. The online review site operator said it is addressing the issues that impacted its quarterly results, although it expects them to impact current quarter results as well. Yelp's quarter was impacted in part by no longer requiring business customers to commit to a fixed time period for advertising.
Allstate (ALL) is mulling the sale of its fixed annuities business, according to a Bloomberg report. The unit is said to have a book value of $4 billion to $5 billion.
Finisar (FNSR) will be acquired by II-VI for about $3.2 billion in cash and stock, or $26 per share. The optical components company's stock had closed at $18.88 on Thursday.
The Trade Desk (TTD) earned an adjusted 65 cents per share for the latest quarter, beating the consensus estimate of 50 cents. The developer of programmatic advertising technology also saw revenue come in above Street forecasts. Results were boosted by an increase in the company's international business.