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Activision Blizzard Inc Raises CY 2013 Guidance; Lowers Q4 2013 Guidance


Wednesday, 6 Nov 2013 04:05pm EST 

Activision Blizzard Inc announced that for calendar year 2013, it expect GAAP net revenues of $4.320 billion as compared to its previous outlook of $4.310 billion, GAAP earnings per diluted share of $0.83 as compared with the Company's previous outlook of $0.80-$0.82 per diluted share, non-GAAP net revenue of $4.285 billion compared with the Company's previous outlook non-GAAP net revenue guidance of $4.250 billion and non GAAP EPS earnings per diluted share of $0.89 as compared with the Company's previous outlook of $0.85-$0.85 per diluted share. For the fourth quarter of 2013, it expects GAAP net revenue of $1.255 billion as compared to its previous outlook of $1.300 billion, GAAP EPS outlook of $0.05 as compared to the Company's previous outlook of $$0.01-$0.04, non-GAAP net revenue of $2.215 billion as compared to the Company's previous outlook of $2.252 billion and non-GAAP EPS of $0.72 as compared to the Company's previous outlook of $0.76-$0.79. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.288 billion and EPS of $0.89 for calendar year 2013; and revenue of $2.288 billion and EPS of $0.79 for the fourth quarter of 2013. 

Company Quote

19.24
0.18 +0.94%
2:44pm EDT