Activision Blizzard (ATVI) Tops Q2 EPS by 13c

Activision Blizzard (NASDAQ: ATVI) reported Q2 EPS of $0.43, $0.13 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.63 billion, may not compare to consensus estimate of $1.22 billion.

Company Outlook:

* Fully diluted weighted average shares include participating securities and dilutive options on a weighted average basis.

As referenced on our July 29, 2016 call, if you would like to calculate Non-GAAP metrics as previously defined, you would add the impact of GAAP deferrals to the Non-GAAP (redefined) metrics.

Currency Assumptions for 2017 Outlook:

• $1.12 USD/Euro for current outlook (vs. average of $1.11 for 2016 and $1.11 for 2015); and
• $1.30 USD/British Pound Sterling for current outlook (vs. average of $1.36 for 2016 and $1.53 for 2015).
• Note: Our financial guidance includes the forecasted impact of the FX cash flow hedging program.

(Street sees Fy EPS of $2.00 on revenue of $6.53 billion)

For earnings history and earnings-related data on Activision Blizzard (ATVI) click here.

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