Activision Blizzard beats by $0.06, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY14 EPS and revs below consensus
Reports Q4 (Dec) non-GAAP earnings of $0.79 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.73; non-GAAP revenues fell 12.4% year/year to $2.27 bln vs the $2.23 bln consensus. For Q1, co sees non-GAAP EPS of approximately $0.09 vs. $0.11 Capital IQ Consensus Estimate; sees Q1 non-GAAP revs of approximately $675 mln vs. $676.2 mln Capital IQ Consensus Estimate. Co issues downside guidance for FY14, sees noon-GAAP EPS of approximately $1.26 vs. $1.28 Capital IQ Consensus Estimate; sees FY14 non-GAAP revs of approximately $4.60 bln vs. $4.66 bln Capital IQ Consensus Estimate.