Video game publishers Activision Blizzard Inc ATVI And Take Two Interactive Software Inc TTWO prepare to report quarterly results after close of trading. Both stocks are trading lower on Monday as investors remain cautious afterwards Electronic Arts Inc EA disappointing results.

What you should know before the bell: Activision is expected to report fourth-quarter earnings per share of $1.51 on quarterly revenue of $3.17 billion Gasoline Pro.

In the company last quarterActivision delivered a top-line beat accompanied by a positive earnings surprise as Call Of Duty: Modern Warfare II became the fastest-selling title in the history of the popular Call Of Duty franchise.

Related link: Activision Blizzard Q3 Earnings: Sales & EPS Beat, Call of Duty Sales Record, Microsoft Acquisitions Update & More

Activision didn’t provide any guidance, but the company did note that it awaits its deal microsoft corp MSFT close before the end of June. New reports over the weekend suggest the Competition and Markets Authority (CMA) is expected to comment on the deal in the coming days. Gossip that the CMA might block the deal begins to build.

Investors should keep an eye out for new updates from Activision management on the expected closing of the transaction.

According to Benzinga Pro, Take-Two will post earnings of 87 cents per share in the third quarter on quarterly revenue of $1.45 billion.

In the company second fiscal quarter, Take-Two missed analysts’ estimates for both revenue and earnings and issued weak guidance. The company said it expects full-year 2023 revenue to be in a range of $5.41 billion to $5.51 billion versus estimates of $5.89 billion.

The company projected third-quarter revenue of between $1.43 billion and $1.48 billion and noted that it expects a net loss in the range of 85 cents a share to 95 cents a share.

“Our reduced guidance reflects shifts in our…