Activision Reports Another Strong Quarter; Call of Duty Bounces Back
Activision Blizzard beat their guidance once again as fourth-quarter GAAP results came in well above our projections and the prior outlook for the fourth straight quarter. Management issued 2018 GAAP revenue guidance of $7.4 billion and its GAAP EPS guidance of $1.78. Call of Duty: WWII helped the franchise bounce back from last year’s disappointing installment as the newest edition has the largest launch quarter sell-through on the current-generation of consoles. We are maintaining our narrow e...
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