Activision Blizzard Inc. posted third-quarter 2017 non-GAAP earnings of 56 cents, beating the Zacks Consensus Estimate of 45 cents. Moreover, revenues (including deferrals) of $1.9 billion surpassed the ZacksConsensus Estimate of $1.7 billion.
Quarterly Numbers
Excluding deferral revenues, Activision reported sales of $1.6 billion, up 3%. The top line continues to be driven by strength in digital revenues, Overwatch and the buyout of King Digital Entertainment. More importantly, Activision signed sponsorship deals with Hewlett-Packard and Intel.
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Activision Blizzard Inc. posted third-quarter 2017 non-GAAP earnings of 56 cents, beating the Zacks Consensus Estimate of 45 cents. Moreover, revenues (including deferrals) of $1.9 billion surpassed the ZacksConsensus Estimate of $1.7 billion.
Quarterly Numbers
Excluding deferral revenues, Activision reported sales of $1.6 billion, up 3%. The top line continues to be driven by strength in digital revenues, Overwatch and the buyout of King Digital Entertainment. More importantly, Activision signed sponsorship deals with Hewlett-Packard and Intel.
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 >>
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