Activision Blizzard (ATVI) Shares Up Almost 4% Following Raised Outlook
ATVI Hot Sheet
EPS Growth %: -53.8%Financial Fact:
Cost of sales - software royalties and amortization: 31M
Today's EPS Names:
TARO, BRLI, TLB, More
Shares of Activision Blizzard (Nasdaq: ATVI) are now trading about 3.7% higher after announcing thats its Q1sales and earnings are tracking ahead of the company's prior outlook. Consequently, Activision Blizzard raised its FY10 EPS outlook from $0.70 to $0.72.
"We are tracking ahead of our March quarter outlook due to strong global demand for Blizzard Entertainment's World of Warcraft® and Activision's Call of Duty: Modern Warfare® 2," stated Robert Kotick, CEO, Activision Blizzard. "We benefited from the record breaking launch of the Call of Duty: Modern Warfare 2 map pack, which was previously expected to launch in the June quarter. Additionally, certain operating expenses previously planned for the March quarter will now be incurred in the June quarter."
ATVI shares last traded at $12.34.
"We are tracking ahead of our March quarter outlook due to strong global demand for Blizzard Entertainment's World of Warcraft® and Activision's Call of Duty: Modern Warfare® 2," stated Robert Kotick, CEO, Activision Blizzard. "We benefited from the record breaking launch of the Call of Duty: Modern Warfare 2 map pack, which was previously expected to launch in the June quarter. Additionally, certain operating expenses previously planned for the March quarter will now be incurred in the June quarter."
ATVI shares last traded at $12.34.
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