Key Developments For Activision Blizzard, Inc.
Activision Blizzard, Inc. (ATVI.O) (Nasdaq)
Activision Blizzard Reiterates FY 2009 Outlook; Issues Q4 2009 Outlook Below Analysts' Estimates
Activision Blizzard reiterated fiscal 2009 outlook for GAAP net revenues of $4.05 billion and GAAP earnings per diluted share (EPS) of $0.26. On a non-GAAP basis, the Company continues to expect net revenues of $4.5 billion and EPS of $0.63. For the fourth quarter of 2009, the Company expects to deliver GAAP net revenues of $1.33 billion and GAAP loss per share of $0.04. On a non-GAAP basis, the Company expects net revenues of $2.22 billion and $0.43 earnings per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $4.5 billion for fiscal 2009; non-GAAP EPS of $0.44 on revenue of $2.30 billion for the fourth quarter of 2009.
Activision Blizzard Reiterates CY 2009 Outlook
Activision Blizzard reiterated its calendar year 2009 outlook and expects GAAP net revenues of $4.05 billion and GAAP earnings per diluted share (EPS) of $0.26. On a non-GAAP basis, the Company continues to expect net revenues of $4.5 billion and EPS of $0.63.
Activision Blizzard's Division Blizzard Entertainment Joins Forces With Razer To Co-Develop StarCraft II
Razer announced that it has joined forces with Activision Blizzard's Blizzard Entertainment, a developer and publisher of entertainment software, to co-develop StarCraft II gaming peripherals powered by Razer technology. With the upcoming launch of StarCraft II, Razer and Blizzard Entertainment are collaborating on bringing gamers a quality tournament-grade mouse, keyboard and headset specifically designed to maximize the StarCraft II gameplay experience.
Activision Blizzard Lowers FY 2009 Revenue Outlook; Lowers FY 2009 GAAP EPS Outlook; Reiterates FY 2009 Non-GAAP EPS Outlook; Issues Q3 2009 Outlook Below Analysts' Estimates
Activision Blizzard announced that for fiscal 2009, it has lowered GAAP net revenues from $4.3 billion to $4.05 billion, and its outlook for non-GAAP net revenues from $4.8 billion to $4.5 billion. The Company is increasing its GAAP earnings per diluted share outlook to $0.26 from $0.24, and re-affirming its non-GAAP earnings per diluted share outlook of $0.63. For the third quarter of 2009, it expects GAAP net revenues of $680 million, and GAAP loss per diluted share of $0.03. On a non-GAAP basis, the company expects net revenues of $700 million and $0.03 earnings per diluted share for the third quarter. According to Reuters Estimates, analysts were expecting the Company to report revenue of $888 million and non-GAAP earnings per share (EPS) of $0.10 for the third quarter of 2009.
Activision Blizzard Reaffirms FY 2009 Outlook
Activision Blizzard announced that for fiscal 2009, it has reaffirmed its outlook. The Company raised its outlook for GAAP net revenues to $4.3 billion, and GAAP earnings per diluted share (EPS) of $0.24. On a non-GAAP comparable basis, the Company now expects net revenues of $4.8 billion and non-GAAP comparable diluted EPS are expected to be $0.63. According to Reuters Estimates, analysts were expecting the Company to report revenue of $4.8 billion for the same period.
