Activision Blizzard Inc. (ATVI) reported first quarter adjusted EPS of $0.17 after the bell Wednesday, up from $0.06 in the previous year. The consensus estimate was for EPS of $0.11. Second quarter adjusted EPS is expected to be $0.05, which is in line with expectations. The company now expects to report full year 2013 adjusted EPS forecast of $0.82, up from prior expectations of $0.80. The consensus estimate is for EPS of $0.85. The stock is now down 0.80 on 200K shares.
Activision Blizzard rose in early trade Wednesday, before settling into a range. The stock finished up by 0.32 at $15.26 and set a new high for the year.
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