Shares of Activision Blizzard, Inc. (ATVI) are gaining almost 6 percent or $3.95 in Wednesday's morning trade at $72.48, after the video game producer reported an increase in profit for the first quarter and raised its full-year outlook. The stock has traded in a range of $41.84 to $74.79 in the past 52 weeks.
Tuesday, Activision Blizzard said its first-quarter net income rose to $505 million or $0.65 per share from $447 million or $0.58 per share in the year-ago period.
Excluding items, adjusted earnings for the quarter were $0.76 per share, compared to $0.66 per share in the year-ago period. Revenue for the quarter declined 2.2 percent to $1.79 billion from $1.83 billion last year.
Looking ahead, Activision Blizzard raised its outlook for fiscal 2020 net revenues and earnings per share. For the full year, the company now expects revenues of $6.80 billion and adjusted earnings of $2.62 per share.
The company's board of directors declared a cash dividend of $0.41 per common share, payable on May 6, 2020 to shareholders of record at the close of business on April 15, 2020, which represents an 11 percent increase from 2019.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.