{"id":22833,"date":"2014-05-20T09:11:04","date_gmt":"2014-05-20T13:11:04","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=22833"},"modified":"2014-05-20T09:11:04","modified_gmt":"2014-05-20T13:11:04","slug":"activision-blizzard-inc-nasdaqatvi-lifts-fy14-outlook","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/activision-blizzard-inc-nasdaqatvi-lifts-fy14-outlook-22833","title":{"rendered":"Activision Blizzard, Inc. (NASDAQ:ATVI) Lifts FY14 Outlook"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/20\/2014 (wallstreetpr) \u2013\u00a0Interactive entertainment publishing company, <strong>Activision Blizzard, Inc. (NASDAQ:ATVI)<\/strong> announced that it has increased its earnings and revenue guidance for the current year 2014, both on a GAAP as well as non-GAAP basis. The company has also initiated forecast for the second quarter. The move follows after the company reported better than estimated earnings and revenues for the first quarter.<\/p>\n<p style=\"text-align: justify;\"><b>Outlook<\/b><\/p>\n<p style=\"text-align: justify;\">Activision Blizzard has lifted its GAAP earnings forecast to 89 cents a share on net revenues of $4.22 billion for the current year 2014 from 76 cents a share on revenues of $4.0 billion projected earlier. Similarly, the company boosted its non-GAAP earnings guidance to $1.27 a share on revenues of $4.675 billion from $1.26 a share on revenues of $4.60 billion predicted earlier.<\/p>\n<p style=\"text-align: justify;\">On average, Wall Street analysts expect Activision Blizzard, Inc. (NASDAQ:ATVI)\u00a0to report earnings of $1.31 a share on revenues of $4.71 billion.<\/p>\n<p style=\"text-align: justify;\">For the second quarter, the company initiated GAAP earnings forecast of 22 cents a share on revenues of $910 million and non-GAAP earnings guidance of 1 cent a share on revenues of $600 million. Street analysts predict Activision Blizzard to earn 2 cents a share on revenues of $605.83 million. The company has consistently topped earnings estimations during the last four quarters with percentage ranging from 8.2% to 166.7% above the prediction level.<\/p>\n<p style=\"text-align: justify;\"><b>1Q Results<\/b><\/p>\n<p style=\"text-align: justify;\">Activision Blizzard reported earnings of 40 cents a share for the first quarter, flat with a year earlier quarter. Net revenues, on a GAAP basis, slipped to $1.11 billion from $1.32 billion. The company had, earlier, given outlook of 15 cents a share on revenues of $885 million.<\/p>\n<p style=\"text-align: justify;\">On a non-GAAP basis, Activision Blizzard, Inc. (NASDAQ:ATVI)\u00a0earned 19 cents a share, up from 17 cents a share, while revenue dipped to $772 million from $804 million in the previous year quarter. Previously, it had estimated earnings of 9 cents a share on revenues of $675 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/20\/2014 (wallstreetpr) \u2013\u00a0Interactive entertainment publishing company, Activision Blizzard, Inc. (NASDAQ:ATVI) announced that it has increased its earnings and revenue guidance for the current [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":22837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[2977,2978],"stock_ticker":[],"class_list":["post-22833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-activision-blizzard-inc-nasdaqatvi","tag-nasdaqatvi","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Activision Blizzard, Inc. 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