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Activision Blizzard misses on revenue and gives weak 2019 guidance — stock volatile
Here's how the company did compared with what Wall Street was expecting:
EPS: $1.29 adjusted vs. $1.28 estimated by Refinitiv
Revs. $2.84 billion vs. $3.04 billion estimated by Refinitiv
Activision Blizzard expects first-quarter earnings per share of 20 cents per share — less than half what Wall Street was looking for — on revenue of $1.18 billion. Refinitiv consensus estimates projected EPS of 46 cents per share on revenue of $1.45 billion for Q1 2019.
The company expects full-year 2019 guidance of $2.10 per share on $6.30 billion in revenue, compared with analyst estimates of $2.54 per share on $7.25 billion in revenue, according to Refinitiv.
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https://www.cnbc.com/2019/02/12/activisi...yptr=yahoo
ATVI aktuell nachbörslich 1% im plus...
![[Bild: ATVIc1dl1649.png]](https://finviz.com/publish/021219/ATVIc1dl1649.png)
- Activision Blizzard publishes popular game titles like "Call of Duty," "Diablo" and "Warcraft."
- The gaming company has revealed headwinds in recent weeks, reportedly planning hundreds of layoffs in response to sluggish sales.
- The gaming industry is feeling increasing pressure from free-to-play competitor "Fortnite."
Here's how the company did compared with what Wall Street was expecting:
EPS: $1.29 adjusted vs. $1.28 estimated by Refinitiv
Revs. $2.84 billion vs. $3.04 billion estimated by Refinitiv
Activision Blizzard expects first-quarter earnings per share of 20 cents per share — less than half what Wall Street was looking for — on revenue of $1.18 billion. Refinitiv consensus estimates projected EPS of 46 cents per share on revenue of $1.45 billion for Q1 2019.
The company expects full-year 2019 guidance of $2.10 per share on $6.30 billion in revenue, compared with analyst estimates of $2.54 per share on $7.25 billion in revenue, according to Refinitiv.
...
https://www.cnbc.com/2019/02/12/activisi...yptr=yahoo
ATVI aktuell nachbörslich 1% im plus...
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