Activision Blizzard Beats and Guidance Mixed (ATVI)

Shares of Activision Blizzard ATVI are trading higher in the after-hours trade following the release of the company's Q1 earnings results. Currently, shares are higher by 0.87%, trading at $11.63. They closed the regular session higher by 0.79%, at $11.53. The company reported Q1 EPS of $0.13 on revenues of $755 million. This compares to the Street consensus of $0.08 per share on revenues of $668.3 million. Activision Blizzard also issued downside guidance for Q2, saying it sees EPS of $0.04 per share versus the Street estimate of $0.08 per share. It also said that FY 2011 earnings would be raised to $0.73 on revenues of $3.95 billion; the Street was at $0.72 per share on $3.99 billion. Activision Blizzard, Inc. is engaged in online, personal computer, console, handheld, and mobile game publisher. Through Activision Publishing, Inc., the company is an international publisher of interactive software products and content.