Activision Blizzard Q1 Profit Rises; Increases CY 2015 Outlook - Quick Facts

(RTTNews) - Activision Blizzard, Inc. (ATVI) reported that its first quarter net income increased to $394 million from $293 million, last year. GAAP earnings per share were $0.53, as compared to $0.40. On a non-GAAP basis, the company's earnings per share were $0.16.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.07 for the quarter. Analysts' estimates typically exclude special items.

GAAP net revenues were $1.28 billion, compared to $1.11 billion for the first quarter of 2014. On a non-GAAP basis, the company's net revenues were $703 million, compared to $772 million for the first quarter of 2014. Analysts expected revenue of $655.36 million for the quarter.

For calendar year 2015, the company expects its GAAP revenue of $4.25 billion, and non-GAAP revenue of $4.43 billion. GAAP Earnings per share is expected of $0.98, and non-GAAP earnings per share of $1.20. Analysts expect the company to report fiscal year earnings per share of $1.18 on revenue of $4.43 billion.

For second-quarter, the company expects GAAP revenue of $930 million, and non-GAAP revenue of $650 million. GAAP earnings per share is expected to be $0.21, and non-GAAP earnings per share of $0.07. Analysts expect the company to report second-quarter earnings per share of $0.09 on revenue of $688.38 million.