Key Developments: Activision Blizzard Inc (ATVI.OQ)
14.60USD
18 Jun 2013
$-0.13 (-0.88%)
$14.73
$14.69
$14.81
$14.55
1,459,766
1,658,246
$16.11
$10.45
Latest Key Developments (Source: Significant Developments)
Activision Blizzard Inc Raises CY 2013 Guidance; Issues Q2 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Activision Blizzard Inc announced that for calendar year 2013, it expects GAAP-Net Revenues to be $4.220 billion and Non-GAAP Net revenues to be $4.250 billion. GAAP-EPS is expected to be in the range of $0.73 and Non-GAAP EPS to be $0.82. For the second quarter of 2013, it expects GAAP-Net Revenues to be $980 million and Non-GAAP Net revenues to be $590 million. GAAP-EPS is expected to be in the range of $0.21 and Non-GAAP EPS to be $0.05. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $603 million and EPS of $0.05 for the second quarter of 2013. Full Article
Activision Blizzard Inc Issues CY 2013 Guidance; Issues Q1 2013 Guidance Above Analysts' Estimates
Activision Blizzard Inc announced that for calendar year 2013, it expects GAAP-Net Revenues to be $4.085 billion and Non-GAAP Net revenues to be $4.175 billion. GAAP-EPS is expected to be in the range of $0.68 and Non-GAAP EPS to be $0.80. For the first quarter of 2013, it expects GAAP-Net Revenues to be $1.160 billion and Non-GAAP Net revenues to be $690 million. GAAP-EPS is expected to be in the range of $0.29 and Non-GAAP EPS to be $0.10. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $681 million and EPS of $0.09 for the first quarter of 2013. Full Article
Activision Blizzard Inc Declares Cash Dividend
Activision Blizzard Inc announced that the Board of Directors declared a cash dividend of $0.19 per common share payable on May 15, 2013 to shareholders of record at the close of business on March 20, 2013. Full Article
Activision Blizzard Inc Raises CY 2012 Guidance; Issues Q4 2012 Guidance Above Analysts' Estimates
Activision Blizzard announced that announced that based on better-than-expected third quarter results, the Company is raising its outlook for calendar year 2012 from the estimates it provided on August 2, 2012. For calendar year 2012, it expects GAAP net revenues of $4.574 billion, non-GAAP net revenues of $4.805 billion, GAAP earnings per diluted share (EPS) of $0.88 and non-GAAP EPS of $1.10. For the third quarter of 2012, it expects GAAP net revenues of $1.485 billion, non-GAAP net revenues of $2.412 billion, GAAP earnings per diluted share (EPS) of $0.19 and non-GAAP EPS of $0.70. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.676 billion and EPS of $1.01 for calendar year 2012; and revenue of $2.336 billion and EPS of $0.67 for the fourth quarter of 2012. Full Article
Activision Blizzard Raises FY 2012 Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates
Activision Blizzard announced that announced that based on better-than-expected second quarter results, the Company is raising its fiscal 2012 net revenue and earnings per share outlook. For fiscal 2012, it expects GAAP net revenues of $4.330 billion, non-GAAP net revenues of $4.630 billion, GAAP earnings per diluted share (EPS) of $0.69 and non-GAAP EPS of $0.99. For the third quarter of 2012, it expects GAAP net revenues of $740 million, non-GAAP net revenues of $690 million, GAAP earnings per diluted share (EPS) of $0.06and non-GAAP EPS of $0.07. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.580 million and EPS of $0.98 for fiscal 2012; and revenue of $728 million and EPS of $0.12 for the third quarter of 2012. Full Article
Activision Blizzard's Activision Publishing Announces Strategic Relationship With Flurry Inc.
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, Inc. announced that the Company has formed a strategic relationship with Flurry Inc., to establish a new mobile publishing initiative that will identify and assist third-party developers in the development, publishing, distribution and promotion of independent titles on iOS and Android platforms. Full Article
Activision Blizzard Announces Settlement Of Infinity Ward Litigation
Activision Blizzard announced that all parties to the litigation have reached a settlement of the dispute, the terms of which are strictly confidential. The Company does not believe that the incremental one-time charges related to the settlement will result in a material impact on its GAAP or non-GAAP earnings per share outlook for the current quarter or the calendar year, due to stronger-than-expected operating performance in the current quarter. Full Article
Activision Blizzard Inc And Electronic Arts Inc Settle Lawsuit-Reuters
Reuters reported that Activision Blizzard Inc and Electronic Arts Inc have settled a lawsuit in which Activision accused two former executives of breaking their employment agreements to develop games for EA. Neither company disclosed details of the settlement. Full Article
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. Full Article
Activision Blizzard Appoints New CFO
Activision Blizzard announced that Microsoft veteran Dennis Durkin has been named Chief Financial Officer (CFO) of the Company, reporting to Bobby Kotick, Chief Executive Officer. Durkin assumes the position from Thomas Tippl, who has been serving in the Chief Financial Officer position on an interim basis since his promotion to Chief Operating Officer in 2010. As the Company's Chief Operating Officer, Tippl will continue to oversee Activision Publishing's and Blizzard Entertainment's operational activities as well as the Company's Strategic Planning, Global Sales and Supply Chain, IT, Legal and Human Resources departments. Full Article
Vivendi to develop GVT, keep reviewing Activision
PARIS, May 14 - French media-and-telecoms conglomerate Vivendi confirmed it would keep developing Brazilian unit GVT and said it is reviewing options for listed video-game subsidiary Activision Blizzard.
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