Activision Blizzard Inc. (NASDAQ:ATVI) just released its second quarter fiscal 2016 earnings results, posting earnings of $0.45 per share (excluding special items) and revenue of $1.57 billion.
Currently, ATVI has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Activision Blizzard Inc.:
Beat earnings estimates. The company posted earnings of $0.45 per share (excluding special items), above the Zacks Consensus Estimate of $0.37 per share.
Beat revenue estimates. The company saw revenue figures of $1.57 billion, which was higher than our consensus estimate of $1.50 billion, and an increase of 50.4%.
Saw its net income drop 40% to $127 million, mainly due to costs associated with the near $6 billion acquisition cost of King Digital in February.
Raised its full-year profit expectations to $0.87 from $0.69, and its full-year revenue forecast to $6.40 billion from $6.13 billion.
ATVI was up $0.61, or 1.49%, to $41.44 as of 4:45 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Activision Blizzard’s share price and EPS surprises since 2015…
ACTIVISION BLZD Price and EPS Surprise
ACTIVISION BLZD Price and EPS Surprise | ACTIVISION BLZD Quote
Activision Blizzard Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through two segments: Acitivision Publishing Inc. and Blizzard Entertainment Inc. The company develops, publishes, and sells interactive software products and content through retail channels or digital downloads; and downloadable content to a range of gamers. It also publishes subscription-based massively multiplayer online role-playing games; and strategy and role-playing games.
Check back later for our full analysis onATVI’s second quarter earnings report!
ACTIVISION BLZD (ATVI): Free Stock Analysis Report
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