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Activision Blizzard Inc Raises Q2 2013 Guidance; Reaffirms CY 2013 Guidance-Conference Call

Friday, 26 Jul 2013 08:30am EDT 

Activision Blizzard Inc announced that for the second quarter of 2013, it expects GAAP net revenue of approximately $1.05 billion and non-GAAP net revenue of $608 million with GAAP earnings per diluted share of approximately $0.28 and non-GAAP earnings per share (EPS) of $0.08, all of which were above its prior outlook. The Company also announced that for GAAP in light of its second quarter 2013 performance, it is increasing its fiscal 2013 GAAP outlook. For the calendar year 2013, the Company now expect GAAP net revenues of approximately $4.31 billion as compared to its previous outlook of $4.22 billion and GAAP earnings per diluted share of $0.77 as compared with the Company's previous outlook of $0.73 per diluted share. For non-GAAP, the Company is reaffirming its calendar year outlook of $4.25 billion in net revenues and EPS of $0.82 per diluted share. These calendar year EPS numbers do not yet take into account the substantial future accretion that will take place after the closing of the transaction. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $602 million and EPS of $0.05 for the second quarter of 2013. 

Company Quote

0.37 +1.89%
31 Oct 2014