Activision Blizzard (ATVI) Has Tumbled To A New Low On Weak Guidance

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(RTTNews.com) - Activision Blizzard ( ATVI ) reported third quarter adjusted EPS of $0.42 after the bell Thursday. The company's revenue for the quarter fell 6.8% to $1.51 billion from $1.62 billion last year. The consensus estimates had been for EPS of $0.50 and revenues of $1.66 billion.

Fourth quarter EPS is expected to come in at $0.64. Street expectations are for EPS of $1.34.

Activision Blizzard has gapped open sharply lower Friday morning and is now down 7.81 at $54.98 on above average volume. The stock has dropped to a new low for the year.

Read the original article on RTTNews (http://www.rttnews.com/2953908/activision-blizzard-atvi-has-tumbled-to-a-new-low-on-weak-guidance.aspx)

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This article appears in: Stocks
Referenced Symbols: ATVI

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