Activision Blizzard Inc Earnings

Activision Blizzard Inc (NASDAQ: ATVI) announced its results for the fourth quarter on February 9, 2012. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
Activision Blizzard Inc managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported adjusted net income of 62 cents/share versus the 55 cents/share estimate and revenues of $1.41 billion versus the $2.2 billion estimate. Revenue fell 1.4% from the same period last year Revenue fell 1.4% from the same period last year.

Income:
For the fourth quarter, the company reported profit of $99 million.

Official Comment:
Bobby Kotick, Chief Executive Officer, Activision Blizzard, said, "As we continue to strengthen our leadership position in interactive entertainment, our proven management team and talented employees delivered another extraordinary year of outperformance. With better than expected net revenues, record earnings, record operating margins, and having generated nearly $1 billion in operating cash flow, Activision Blizzard continues to set the industry success bar." Kotick continued, "Blizzard Entertainment's World of Warcraft maintained its leadership position as the #1 subscription-based MMORPG around the world(two) and Activision Publishing's Call of Duty: Modern Warfare three was the #1-selling game.(three) Skylanders Spyro's Adventure was the biggest new IP launch in Activision's history and it is on track to become an important and sustainable franchise. We launched our online service, Call of Duty Elite, which is one of the fastest growing premium online services ever created." .

Industry:
The toys/game/hobby company's industry is currently enjoying price/earnings growth of 1.2%.

What to Do Next:
Those are the latest numbers from Activision Blizzard Inc, including how the announcement compared to Wall Street estimates. Benzinga consistently provides earnings previews and recaps for major corporate events. Be sure to visit us next quarter for a full Activision Blizzard Inc preview.

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• To see up-to-date news on Activision Blizzard Inc, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here