ATVI Summary: A Solid Quarter By Ben Thomas About this article: For Thomas's preview heading into the Activision Blizzard conference call, please click here. Activision Blizzard reported a strong quarter, some mixed guidance and a nice surprise in the form of a share repurchase. For the quarter just ended, the company posted EPS of $0.49 on revenues of $2.5 billion (this was above the Street forecast of $0.44 on revenues of $2.23 billion). The company also announced its intention to repurchase $1billion of shares, as well as a $0.15 dividend. Guidance: The company guided Q1 EPS to a range of $0.02 on sales of $525 million (the Street was at $0.08 on sales of $741 million). Guidance for 2010 is for EPS of $0.70 on revenues of $4.4 billion (the Street was at $0.73 on sales of $4.84 billion). Some quick takeaways: - Modern Warfare is the third title to exceed $1 billion in sales. - Operating margins increased to... To read the rest of this article and sign up for a FREE trial click here...

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