The Stocks Of Activision Blizzard (ATVI) And Ford Motor (F) Have Risen Following Surpassing Quarterly Results

Activision Blizzard, Inc. (ATVI) rose to $101.61, up +9.64 percent. For the quarter ending, ATVI surpassed expectations, including the victories of ‘Call of Duty’, ‘World of Warcraft’, and ‘Candy Crush’. The developer of computer games has done exceptionally well over the holiday season. The Santa Monica-based Californian firm improved its 2021 revenue and income forecasts. Adjusted quarterly earnings per share of $1.21 and net revenues of $3.05 billion for the duration were posted by the developer and distributor of content and services on video game consoles, personal computers (PC), and mobile devices, higher than analyst forecasts of $1.18 billion and $2.83 billion, respectively. Profit fell by 2 percent year-on-year, but sales increased by 13 percent. ‘Call of Duty’ has 100 million participating players per month, ‘Land of Warcraft’ has 29 million, and ‘Candy Crush’ has 240 million.

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Ford Motor Company (F) rose +1.23% to $11.51. On Thursday, the Michigan-based automaker unveiled unexpected results except for products for the fourth quarter. Although combined net losses of over $2 billion were posted by the company over the period, adjusted earnings per share almost tripled to 34 cents from a consensus of -7 cents. The quarterly profits of the automaker fell by 9.4 percent to $33.2 billion, relative to a consensus of $33.9 billion. Europe and SUVs raised net profit for the fourth quarter. Compared with $485 million a year ago, net profit was $1.7 billion.

Investments in electric cars and autonomous driving will be expanded in the group. Ford also expects to spend more than $22 billion on battery-powered hybrid cars and $7 billion on autonomous driving. In 2021, the company expects $8 billion to $9 billion in adjusted operating profit, up from $2.8 billion last year. It is estimated that consolidated free cash flow will be between $3.5 billion and $4.5 billion. The guideline does not, however, take into account the possible effects of the scarcity of semiconductors.

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