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. (ATVI) Posts Record Q2, Earnings, Revenues Beat Estimates
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 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!
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 >>