Activision Blizzard Inc. 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 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!
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Activision Blizzard Inc. 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 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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>