Activision Blizzard, Inc. ATVI announced fourth quarter financial results Thursday.
Non-GAAP net revenues came in at $2.21 billion, below expectations of $2.24 billion. The company reposted $2.27 billion for the fourth quarter of 2013.
On a GAAP basis, the company’s net revenues were $1.58 billion, as compared with $1.52 billion for the fourth quarter of 2013.
Non-GAAP earnings per diluted share were $0.94, above estimates of $0.88 and the $0.79 reported in the year-ago period.
On a GAAP basis, the company’s earnings per diluted share were $0.49, more than double the earnings per diluted share of $0.22 for the prior year period.
Bobby Kotick, Chief Executive Officer of Activision Blizzard, said,“We have a growing portfolio of the very best franchises and great confidence in our future. Our Board has once again increased our dividend, authorized a $750 million share repurchase program and the repayment of another $250 million of our debt, and we have returned nearly $10 billion to our shareholders in dividends and repurchases since 2008.”
The company estimated that 2015 non-GAAP revenue would be $4.40 billion with EPS of $1.15. Analysts expected non-GAAP EPS of $1.43 on revenue of $4.71 billion. The GAAP outlook for 2015 included revenue of $4.14 billion with EPS of $0.89.
For the first quarter of 2015, the company guided non-GAAP revenue at $640 million with EPS of $0.05. The GAAP guidance for the first quarter included revenue of $1.140 billion with EPS of 0.37.
Activision Blizzard, Inc. traded at $20.50 in the after hours session, down 6.05 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.