Activision Blizzard reported fourth-quarter 2018 non-GAAP earnings of 90 cents per share that surged 83.7% year over year. The figure also came well above the guided figure of 64 cents.
Net revenues (including deferrals) increased 7.4% year over year to $2.84 billion. Net revenues on a GAAP basis increased 16.5% year over year to $2.38 billion.
The Zacks Consensus Estimate for earnings and revenues was pegged at $1.29 per share and $3.05 billion, respectively.
Increased time spent per player on Call of Duty: Black Ops 4 owing to its three different modes along with increased monetization and retention from Candy Crush Friends Saga aided fourth-quarter 2018 results.
Investors should note that fourth-quarter 2018 results were reported per revenue recognition standard 606 while fourth-quarter 2017 results had been in compliance with revenue recognition standard 605.
Activision Blizzard, Inc Price, Consensus and EPS Surprise
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.
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Activision Blizzard reported fourth-quarter 2018 non-GAAP earnings of 90 cents per share that surged 83.7% year over year. The figure also came well above the guided figure of 64 cents.
Net revenues (including deferrals) increased 7.4% year over year to $2.84 billion. Net revenues on a GAAP basis increased 16.5% year over year to $2.38 billion.
The Zacks Consensus Estimate for earnings and revenues was pegged at $1.29 per share and $3.05 billion, respectively.
Increased time spent per player on Call of Duty: Black Ops 4 owing to its three different modes along with increased monetization and retention from Candy Crush Friends Saga aided fourth-quarter 2018 results.
Investors should note that fourth-quarter 2018 results were reported per revenue recognition standard 606 while fourth-quarter 2017 results had been in compliance with revenue recognition standard 605.
Activision Blizzard, Inc Price, Consensus and EPS Surprise
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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