Activision Blizzard, Inc stock price

Activision Blizzard, Inc latest news:


  • 02/08/2018 14:59:18

    Activision stock rises after revenue beat

    Activision Blizzard Inc. shares rose in the extended session Thursday after the company beat revenue expectations but missed on earnings. The videogame maker's shares rose 3.3% to $68 after hours. Activision reported fourth-quarter losses of $584 million, or 77 cents a share, compared with net income of $254 million, or 33 cents a share, in the year-ago period. Fourth-quarter losses included a charge of $1.03 a share due to changes in the U.S. tax code; excluding the tax-related charge, fourth-quarter earnings were 27 cents a share. Adjusted earnings were 49 cents a share. Revenue rose to $2.04 billion from $2.01 billion in the year-ago period. Analysts surveyed by FactSet had estimated 17 cents a share on revenue of $1.88 billion. For the fourth quarter, analysts model earnings of 53 cents a share on sales of $1.82 billion; Activision expects first-quarter earnings of 47 cents a share on revenue of $1.82 billion; it expects adjusted earnings of 65 cents a share. Activision stock has climbed 71% in the past year, as the S&P 500 index rose 17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 14:31:49

    BRIEF-Activision Blizzard Q4 GAAP Loss Per Share $0.77

    Activision Blizzard Inc(ATVI): * ACTIVISION BLIZZARD-QTRLY GAAP LOSS PER SHARE $0.77; QTRLY NON-GAAP EARNINGS PER SHARE $0.49, QTRLY GAAP NET REVENUE OF $2.04 BILLION VERSUS $2.01 BILLION. * ACTIVISION BLIZZARD SAYS HAD 385 MILLION MAUS IN THE QUARTER, UP FROM 384 MILLION LAST QUARTER.

  • 02/08/2018 14:20:33

    Activision stock rises after earnings miss, revenue beat

    Activision Blizzard Inc. shares rose in the extended session Thursday after the company beat revenue expectations but missed on earnings. The videogame maker's shares rose 3.3% to $68 after hours. Activision reported fourth-quarter losses of $584 million, or 77 cents a share, compared with net income of $254 million, or 33 cents a share, in the year-ago period. Fourth-quarter losses included a charge of $1.03 a share due to changes in the U.S. tax code. Adjusted earnings were 49 cents a share. Revenue rose to $2.04 billion from $2.01 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 93 cents a share on revenue of $1.88 billion. For the fourth quarter, analysts model earnings of 53 cents a share on sales of $1.82 billion; Activision expects first-quarter earnings of 47 cents a share on revenue of $1.82 billion; it expects adjusted earnings of 65 cents a share. Activision stock has climbed 71% in the past year, as the S&P 500 index rose 17%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 14:06:03

    'Call of Duty' drives big holiday quarter for Activision Blizzard

    Feb 8 (Reuters) - Activision Blizzard Inc beat analysts' expectations for revenue in the final quarter of 2017, helped by robust Christmas buying of its blockbuster "Call of Duty" videogame and higher digital sales.

  • 02/01/2018 10:23:27

    Take-Two stock drops following announcement of second Red Dead Redemption 2 delay

    Shares of Take-Two Interactive Software Inc. are down 2.9% in Thursday trading after the company said that it has delayed the release of of its Red Dead Redemption 2 title until October. The game has already been delayed once before, as it was originally slated to launch last October before the company pushed that back as well. "Getting the long tail of the game correct is more important than recognizing the units two quarters earlier," wrote KeyBanc Capital Markets analyst Evan Wingren, who rates the stock at overweight with a $144 target. "We'd take advantage of the weakness on that belief." The game will now be released in the same quarter as a new Call of Duty from Activision Blizzard Inc. and a new Battlefield from Electronic Arts Inc. , he added. Wingren had predicted, before the delay announcement, that Take-Two would sell 20 million units in the year following its launch. Red Dead Redemption 2 has been considered a key catalyst for shares of Take-Two, which also publishes the Grand Theft Auto Franchise. Take-Two's stock is up 127% over the past 12 months, while the S&P 500 Index is up 24%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/31/2018 07:37:05

    Activision stock gains after EA reports strong results, Needham raises target

    Activision Blizzard Inc. rose 2.8% in Wednesday morning trading after peer Electronic Arts Inc. reported strong digital results and, separately, Needham analyst Laura Martin raised her price target on shares to $80 from $75. Fellow videogame firm EA delivered strong growth in its "live services" business, which has been a boon to the industry lately. Meanwhile, Martin increased her earnings, free-cash-flow, and valuation estimates for Activision in anticipation of benefits from tax reform. She sees Activision's assumed book tax rate falling to 12% from 24%. "Activision remains a top pick among our media companies under coverage owing to its deep library of proprietary IP content, its (very) long sequel life-spans, rising margins, limited piracy, and relatively predictable revenue streams," Martin wrote. The company reports results on Fe. 8 after market close. Activision shares have gained 78% over the past 12 months, with the S&P 500 up 24% in that time. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/24/2018 09:12:31

    Overwatch League, Call of Duty among potential Activision Blizzard catalysts: analyst

    The latest installment of Call of Duty likely provided a nice boost to Activision Blizzard Inc. during the latest quarter, according to analysts at SunTrust Robinson Humphrey. They raised their estimates for the quarter, as well as their price target, to $77 from $72. They see strong indicators of demand for the game in third-party sales data. The analysts, led by Matthew Thornton, are also upbeat on several data points relating to the company's new Overwatch League, an esports venture. Amazon.com Inc.'s Twitch streaming platform reportedly will pay at least $90 million for exclusive third-party media rights to the competitions, over two years. The league also brought on Toyota as a sponsor. Activision splits revenue from media deals and sponsorships with teams in the league and retains half of the money. Publicity for the league may have spurred greater Overwatch engagement from regular players, the analysts added, a potential catalyst. Activision shares are little changed in Wednesday trading, though they're up 82% over the past 12 months. The S&P 500 is up 25% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/19/2018 15:45:07

    BRIEF-Activision Blizzard Expands Size Of Board To Ten Members​

    Activision Blizzard Inc(ATVI): * ACTIVISION BLIZZARD SAYS ON JAN 12 BOARD ELECTED A NEW MEMBER, EXPANDING SIZE OF BOARD TO TEN MEMBERS​ - SEC FILING Source text -http://bit.ly/2FYMXcv Further company coverage:

  • 01/03/2018 12:50:25

    Video game publishers have 'significant upside' as industry trends continue to shift

    Analysts at BTIG on Wednesday initiated coverage on video game publishers Take-Two Interactive Software Inc. and Activision Blizzard Inc. with buy ratings, and on Electronic Arts Inc. with a neutral rating. The BTIG analysts, led by Brandon Ross, wrote in a note to investors that they believe there is still significant upside for video game publishers, even with the multi-year run stocks have enjoyed as profits have climbed higher and multiples have expanded. "Activision, Take-Two and EA have all seen significant gains over the past four years. As we began to research the space, our knee-jerk reaction was 'we missed it' and we wished we had covered these names earlier," Ross wrote. "The transformation of games from standalone packaged media to connected entertainment services is not a finite tailwind for publishers. As players engage with games, publishers are better able to monetize and continuously create richer and more valuable experiences for consumers, leading to further engagement and profits." The reason for EA's neutral rating is analysts have concerns about the company's ability to execute on the industry trends. Shares of Take-Two have gained close to 132% in the trailing 12-month period, while shares of Activision have gained 78% and EA shares have gained 39%. By comparison, the S&P 500 index is up 20% and the Dow Jones Industrial Average is up 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/01/2018 10:43:00

    Activision Blizzard Is Going Big Into Consumer Products

    And the sky is the limit.

  • 12/12/2017 06:39:43

    Activision Blizzard stock rises after Goldman Sachs upgrades to buy

    Activision Blizzard Inc. shares gained 2.2% in premarket trading Tuesday after analysts at Goldman Sachs upgraded the stock to buy from neutral and raised their price target to $73. The firm raised its 2019 and 2020 earnings estimates for the videogame publisher based on optimism for "non-recurring titles," including Overwatch 2, Diablo, and a mobile game from the Blizzard division. Overwatch, launched in 2016, was a big success for Activision Blizzard, and while the company hasn't confirmed a new installment, the team at Goldman Sachs thinks that one will come out in 2020. The analysts, led by Christopher Merwin, are also upbeat about the company's potential to capitalize on the mobile-gaming market in China. Merwin estimates that mobile will account for 31% of Activision's revenue in 2017, more than for its peers. He projects that the company will generate 68% of its revenue from in-game spending by 2019, including from mobile, console, and PC titles. Goldman Sachs also downgraded shares of publisher Ubisoft Entertainment to neutral and removed buy-rated Electronic Arts Inc. from its "conviction list." Activision shares have gained 75% so far in 2017, compared with an 87% rise for Ubisoft and a 37% rise for Electronic Arts. The S&P 500 is up 19% this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 12/08/2017 08:16:18

    Activision Blizzard, Take-Two lead videogame stocks higher

    Shares of videogame publishers Electronic Arts Inc. , Activision Blizzard Inc. , Take-Two Interactive Software Inc. , and Ubisoft Entertainment all gained in Friday morning trade after analysts commented on recent third-party sales data from market-research firm NPD Group. Electronic Arts's stock rose 1.3% after NPD reported weak performance for new launches "Need for Speed: Payback" and "Star Wars Battlefront II," as well as strong sales for "FIFA" and "Madden," according to BMO analyst Gerrick Johnson. Activision's "Call of Duty: WWII" outsold its predecessor by 73% in November, and its stock rose 2%. Take-Two has "the lightest holiday slate," wrote Johnson, but its "NBA 2K18" title performed well in November. Take-Two shares rose 2%. Ubisoft gained 0.6% after its "Assassins Creed" posted a strong showing, according to Piper Jaffray's Michael Olson. The S&P 500 Index is up 0.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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