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Activision Blizzard Inc. (ATVI) Leaped To A New High On Q4 Results

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Activision Blizzard Inc. (ATVI: Quote) reported fourth quarter adjusted EPS of $0.78 after the bell Thursday, compared to $0.62 in the prior year. The consensus estimate was for EPS of $0.72. The company expects to report first quarter adjusted EPS of $0.10 and expects $0.80 for the full year 2013. The consensus estimates are for EPS of $0.10 and $0.97.

Activision Blizzard gapped open higher Friday and climbed higher around mid-morning. The stock closed up by 1.35 at $13.41 on the highest volume of the year. Activision Blizzard has been rising for over a week and surged to a new high.

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by RTT Staff Writer

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