Activision Blizzard Raises FY20 Guidance Following 1Q Earnings Beat
05 Mayo 2020 - 03:35PM
Noticias Dow Jones
By Maria Armental
Activision Blizzard Inc. reported first-quarter results on
Tuesday. Here's what you need to know:
PROFIT: Net income rose to $505 million, or 65 cents a share,
from $447 million, or 58 cents a share, a year earlier. On an
adjusted basis, profit fell to 76 cents a share from 78 cents a
share a year earlier. The company projected 55 cents a share, or 66
cents a share on an adjusted basis, while analysts surveyed by
FactSet had projected 57 cents a share in profit.
REVENUE: Net revenue fell to $1.79 billion from $1.83 billion a
year earlier, better than the company's $1.64 billion
projection.
OUTLOOK: The company raised financial projections for the year.
It now expects $2.22 a share in profit, or $2.62 a share on an
adjusted basis, on $6.8 billion in revenue, compared with its
earlier view of $1.85 a share, or $2.22 a share as adjusted, on
$6.45 billion in revenue.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 05, 2020 16:20 ET (20:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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