Why Activision Blizzard Shares Popped

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What: Shares of Activision Blizzard (NASDAQ: ATVI  ) ¬†popped by as much as 16% today after the company reported strong earnings.

So what: Adjusted revenue came in at $2.6 billion, with adjusted earnings per share of $0.78. Sales came in above Activision Blizzard's own guidance, as well as Street forecasts, and the bottom line was also better than investors were expecting.

Now what: The company's Call of Duty and Skylanders franchises continue to do well, with each taking home the title of No. 1 and No. 3 best-selling franchises, respectively, within North America and Europe. Next month, the company is set to release StarCraft II: Heart of the Swarm, the highly anticipated follow-up to its StarCraft II franchise. The game maker expects 2013 adjusted revenue to be approximately $4.2 billion, with adjusted earnings per share of $0.80.

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Comments from our Foolish Readers

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  • Report this Comment On February 08, 2013, at 4:13 PM, Scerabi wrote:

    This is bad, lazy, has no historical precedence, and has absolutely nothing to do with why ATVI bounced so high. If what you're saying was truly the case then ATVI would have bounced every single conference call they have had which if you'll check your history you would see was far from the truth.

    Hope you made some $$ off this article though.

    If you really want to know what ATVI popped dig into the things that were not said straight up front like "they are considering taking on debt" then ask yourself "why would a company with this much cash take on debt".

    Simply, there is something in the works that us regular, cheated, uninformed investors don't know about that the big dogs do.

    And this very thing is why the stock market game is rigged!

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