Jim Cramer Live: It’s All About Video Games and Activision Blizzard

Just as we kick off our countdowns for the Game Developer Conference–which takes place in March–and E3–which is in June, Activision Blizzard ( ATVI) is Real Money’s Stock of the Day. The company is set to report earnings after the bell Tuesday, February 12.

Analysts expect Activision, the maker of Call of Duty, World of Warcraft, and Overwatch, to report adjusted earnings-per-share of $1.28, representing 37% year-over-year growth, and revenue of $3.04 billion, up 15%.

Related: Activision Blizzard Looks to End Shareholder Ice Age on Earnings

“I hope investors are impressed with the fundamental numbers as the charts and indicators are not in a bullish alignment ahead of the report. Let’s check out the charts this morning to see if there are any key points we should be aware of for Activision Blizzard,” wrote Real Money’s Bruce Kamich. He broke down Activision’s charts over on Real Money.

Activision Blizzard is also expected to announce the number of layoffs that its planning Tuesday.

Related: Activision Blizzard to Report Earnings After Peers EA and Take-Two Disappoint

The layoffs, which could number in the hundreds, are part of a restructuring aimed at centralizing functions and boosting profit, one of the people told Bloomberg. Activision employed 9,800 people at the end of 2017.

In Monday’s Facebook Live show, Cramer explained what he’s looking for in the earnings report.

Cramer takes a look at the sector in general in light of the earnings, the release of Electronic Arts ( EA) newest game, Apex Legends, and a downgrade on Take-Two Entertainment ( TTWO) from BMO Capital Markets.

Watch Today’s Show and All Cramer Replays Below
…read more

Source:: Daily times


(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *