Activision Blizzard Issues Q1, FY 2012 Guidance

Activision Blizzard announced that for first quarter of 2012, it expects GAAP net revenues of $965 million, Non-GAAP Net revenues of $525 million, GAAP earnings per diluted share (EPS) of $0.22 and non-GAAP EPS of $0.03. For fiscal 2012, it expects GAAP net revenues of $4.150 billion, non-GAAP Net revenues of $4.500 billion, GAAP earnings per diluted share (EPS) of $0.63 and non-GAAP EPS of $0.94. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $772 billion and EPS of $0.14 for first quarter of 2012; revenues of $4.550 billion and EPS of $0.96 for fiscal 2012.