Activision Blizzard: FY targets increased
(CercleFinance.com) - Surfing on strong Q1 figures, Activision Blizzard has slightly increased its targets for 2017-18, now targeting adjusted EPS (non-GAAP) of 2.
46 dollars, with revenues of 7,355 million dollars.
Over the past quarter, the video games publisher generated adjusted EPS that was up 8% at 78 cents, largely outperforming the consensus, which was looking for just 35 cents, while its operating cash flow rose by 29% to 529 million dollars.
The Santa Monica group's adjusted operating margin reached 39%, on sales that were up 14% at 1.97 billion dollars, a record for this period of the year, including 1.46 billion dollars for digital channels.
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