This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Activision Blizzard Continues Torrid Pace

SAN FRANCISCO - Video games publisher Activision Blizzard (ATVID) beat analysts expectations for the first quarter, as expected.

Net income for the quarter was $59 million, or 18 cents a share, vs. net income of $27.8 million, or 9 cents a share, the year before.

Excluding expenses, Activision posted net income of $74.3 million, or 23 cents a share, compared with net income of $32.8 million and earnings of 11 cents a share, a year ago.

Activision's revenue for the quarter, which were largely driven by sales of its Guitar Hero and Kung Fu Panda games, rose 32% to $654.2 million from $495.5 million a year ago.

Shares of Activision were down 38 cents, or 1.1%, to $35.60 in recent trading.

The company's earnings report wasn't a surprise because it preannounced its results earlier this month.

The results also are on a standalone basis, from the period before the closing of Activision's merger with Vivendi Games.

On July 9, Vivendi and Activision completed the deal to create a new company Activision Blizzard that would combine Activision and the Vivendi Games division, which includes the blockbuster game World of Warcraft.

For the second quarter, Activision Blizzard expects revenue of $636 million and a loss of 25 cents a share. Excluding the $16 million revenue from the historical Vivendi Games businesses that the company intends to dispose of or exit, it expects revenue of $620 million.

Excluding charges, the company expects EPS of 8 cents, a penny higher than Street expectations.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs