Activision Blizzard Raises FY 2012 Guidance; Issues Q2 2012 Guidance

Activision Blizzard announced that for fiscal 2012, it expects GAAP net revenues of $4.200 billion, non-GAAP net revenues of $4.530 billion, GAAP earnings per diluted share (EPS) of $0.65 and non-GAAP EPS of $0.95. For second quarter of 2012, it expects GAAP net revenues of $950 million, non-GAAP net revenues of $805 million, GAAP earnings per diluted share (EPS) of $0.13 and non-GAAP EPS of $0.10. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.565 million and EPS of $0.97 for fiscal 2012; revenue of $822 million and EPS of $0.16 for second quarter of 2012.