Activision Blizzard (ATVI) Misses Q4 EPS by 8c, Raises Divvy To $0.30, Announces 2-Yr $1B Buyback
Get Alerts ATVI Hot Sheet
EPS Growth %: -100.0%
Financial Fact:
Total net revenues: 1.57B
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Activision Blizzard (NASDAQ: ATVI) reported Q4 EPS of $0.65, $0.08 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $2.35 billion.
GUIDANCE:
Activision Blizzard sees Q1 2017 EPS of $0.51. Activision Blizzard sees Q1 2017 revenue of $1.55 billion.
The company also announced that its Board of Directors authorized a new 2-year stock repurchase program under which the company is authorized to repurchase up to $1 billion of its outstanding common stock during the period from February 13, 2017 through February 12, 2019.
The Board of Directors also approved a repayment of up to $500 million of the company’s outstanding debt during 2017, of which $139 million has already been repaid during the first quarter.
The Board of Directors also declared a cash dividend of $0.30 per common share, payable on May 10, 2017 to shareholders of record at the close of business on March 30, 2017, which represents a 15% increase from 2016.
For earnings history and earnings-related data on Activision Blizzard (ATVI) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Novartis (NVS) Tops Q1 EPS by 13c, raises guidance
- SAP SE (SAP) Misses Q1 EPS by 25c; offers outlook
- NBT Bancorp (NBTB) Reports in-line Q1 EPS
Create E-mail Alert Related Categories
Earnings, Guidance, Stock BuybacksRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!