Bullish Options Positioning Continues in Electronic Arts (EA) Targeting 9.5% Upside in Shares Through Mid-January -Susquehanna

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Go back to Bullish Options Positioning Continues in Electronic Arts (EA) Targeting 9.5% Upside in Shares Through Mid-January -Susquehanna

Activision Blizzard's quarterly profit beats on "Call of Duty" strength

August 2, 2018 4:26 PM EDT

By Arjun Panchadar

(Reuters) - Activision Blizzard Inc (NASDAQ: ATVI) topped Wall Street estimates for quarterly profit on Thursday, driven by sales of its blockbuster videogame, "Call of Duty", but forecast current-quarter and full-year revenue below expectations.

The company is slated to release "Call of Duty: Black Ops 4" as well as "World of Warcraft: Battle for Azeroth" and "Destiny 2: Forsaken" in the second half of the year.

"Pre-orders are strong," Activision President Collister Johnson said on a post-earnings call.

The company forecast 2018 adjusted profit of $2.58 per share and... More