Piper Jaffray Lowers Revenue Estimates For Activision Blizzard (ATVI)

Piper Jaffray released a company note on Activision Blizzard ATVI. The company will be reporting earnings on August 5th. Piper Jaffray analysts wrote that "We expect Activision (ATVI) will report June quarter EPS above guidance ($0.04 EPS) and the consensus ($0.05 EPS. We project sales declined 8% Y/Y and EPS will be $0.07." The firm has reduced its CY10 revenue estimates by $65 million. Piper Jaffray has a Neutral rating on the stock and a $13 price target. During today's trading session, ATVI has gained 0.36% to $11.95. Activision Blizzard, Inc. (ATVI) is an online, personal computer (PC), console and handheld game publisher.