Activision (ATVI) reports earnings Thursday February 9th after the bell.
It’s had 3 straight beats.
Some of their most popular games are:
Call of Duty http://amzn.to/2kkv9zu
Guitar Hero http://amzn.to/2kGroWg
On the conference call, we’ll be listening to see how well Candy Crush is doing.
On November 2, 2015, Activision bought King Digital for $5.9 billion dollars.
They bought out King Digital because of how well they do with mobile games.
Their games are very popular with the female audience, moms in particular.
Electronic Arts (EA) beat earnings last Thursday.
But the stock went down because of lowered guidance.
They said they were going to release NBA Live next quarter, but instead, they’ve pushed out the release date for later in the year.
Activision typically doesn’t move much after earnings.
We think Activision is a great long term hold instead of having it just for an earnings trade.
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