Activision Blizzard (ATVI) Misses Q4 EPS by 8c, Raises Divvy To $0.30, Announces 2-Yr $1B Buyback

Activision Blizzard (ATVI) PT Raised to $50 at Mizuho Securities

February 10, 2017 7:29 AM EST

Mizuho Securities raised its price target on Activision Blizzard (NASDAQ: ATVI) to $50.00 (from $45.00) while maintaining a Buy rating. A|B reported revenue of $2.45b, surpassing Street expectations by 4%, or $95m. Non-GAAP EPS of $0.92 came in significantly ahead of the consensus estimate of... More

Baird reiterates Outperform Rating on Activision Blizzard (ATVI)

February 10, 2017 7:06 AM EST

Baird analyst Colin Sebastian reiterates Outperform rating and $47 price target on Activision Blizzard (NASDAQ: ATVI), suggesting fourth quarter results above consensus reflect the companys broad portfolio.

Sebastian comments, "AB reported better-than-expected overall results, despite the underperformance of Call of Duty Infinite Warfare.... More

Oppenheimer Reiterates Outperform Rating on Activision Blizzard (ATVI) on 4Q16 Results

February 10, 2017 6:07 AM EST

Oppenheimer analyst Andrew Uerkwitz reiterates Outperform rating and $53 price target on Activision Blizzard (NASDAQ: ATVI), suggesting adversity is an opportunity for change, after the companys 2016 fourth quarter adjusted revenues and EPS topped consensus.

Uerkwitz comments, "ATVI F4Q16's adjusted revenues/EPS of... More

Activision Blizzard (ATVI) Raises Annual Dividend 15.4% to $0.30; 0.8% Yield

February 9, 2017 6:07 PM EST

Activision Blizzard (NASDAQ: ATVI) declared an annual dividend of $0.30 per share, or $0.3 annualized. This is a 15.4% increase from the prior dividend of $0.26.

The dividend will be payable on May 10, 2017, to stockholders of record on March 30, 2017, with an ex-dividend date of March 28,... More

Activision sales top Street; Co hikes dividend, sets $1 billion buyback

February 9, 2017 4:41 PM EST

(Reuters) - Videogame publisher Activision Blizzard Inc reported fourth-quarter revenue above analysts' estimates, raised its dividend and announced a two-year $1 billion stock repurchase plan.

The company's shares were up 9.5 percent at $43.50 in extended trading on Thursday.

Activision's total adjusted revenue rose to $2.45 billion in the fourth quarter ended Dec. 31 from $2.12 billion a year earlier.

Analysts on average had expected revenue of $2.35 billion, according to Thomson Reuters I/B/E/S.

Revenue from the company's high-margin digital business doubled to $1.45... More