Activision Blizzard Q4 Earnings Drop 11%

(RTTNews) - Activision Blizzard (ATVI) released a profit for fourth quarter that fell compared to the same period last year.

The company said its profit fell to $622 million, or $0.83 per share. This was down from $698 million, or $0.94 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 4.1% to $2.12 billion. This was down from $2.21 billion last year.

Activision Blizzard earnings at a glance:

-Earnings (Q4): $622 Mln. vs. $698 Mln. last year. -Earnings Decline (Y-o-Y): -10.9% -EPS (Q4): $0.83 vs. $0.94 last year. -EPS Decline (Y-o-Y): -11.7% -Revenue (Q4): $2.12 Bln vs. $2.21 Bln last year. -Revenue Change (Y-o-Y): -4.1%

-Guidance: Next quarter EPS guidance: $0.21 Next quarter revenue guidance: $1.26 Bln