Fri, Jan 14, 2011 | 01:28 GMT
Forbes applauds Activision Blizzard share performance
Premiere business magazine Forbes has published a short assessment of Activision Blizzard’s recent financial performance, highlighting top-line growth and greater than expected adjusted earnings increases.
Activision Blizzard reportedly enjoyed a 14 percent top line growth in third quarter 2010, largely thanks to StarCraft II, which is likely also behind an 81 percent sales increase in Asian territories. Adjusted earnings increased by 12 cents, which topped the site’s own forecast of 7 cents, and operating margins went from 9.9 percent to 23.8 percent.
The site’s Zacks blog recently ranked ActiBlizz stock in second place on its “buy” list, and notes yields of 1.2 percent and a market cap of USD $14.4 billion.
The translation for those of a non-economic mind is that Activision Blizzard make a lot of money and you should get in on that action if you can. So now you know.