Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) ended Wednesday session in green amid volatile trading. The shares closed up +0.54 points or 1.22% at $44.67 with 9.03 million shares getting traded. Post opening the session at $444.89, the shares hit an intraday low of $43.85 and an intraday high of $44.89 and the price vacillated in this range throughout the day. The company has a market cap of $33.13 billion and the numbers of outstanding shares have been calculated to be 741.47 million shares.
On September 20, 2016 Bungie and Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. (ATVI), deliver the next highly-anticipated storyline to the action shooter Destiny with their large expansion, Destiny: Rise of Iron. Before there were Guardians protecting humanity, there were Iron Lords. The new, cinematic-filled adventure sets players on a heroic journey where they will join forces with one of Destiny’s greatest heroes, Lord Saladin, to battle an ancient, vicious enemy from the past and ultimately earn their place in history as Iron Lords themselves.
Available alongside Rise of Iron is Destiny – The Collection, an all-in-one experience containing every release from the award-winning action shooter franchise to date. Destiny: Rise of Iron and Destiny – The Collection can be purchased today, worldwide, in each territory where available at global retailers, and through console digital stores for the PlayStation®4 system and Xbox One (PlayStation®Plus, Xbox Live Gold, required for some features). Destiny: Rise of Iron requires Destiny game and The Taken King (includes Expansions I & II), sold separately.
“Rise of Iron’s record shattering pre-orders* make it by far our most anticipated expansion for Destiny ever–and for good reason. It’s packed with incredible new adventures that Destiny players are going to love,” said Eric Hirshberg, CEO of Activision. “Along with our partners at Bungie, we can’t wait for our fans to explore ‘The Plaguelands,’ conquer an entirely new Raid, ‘Wrath of the Machine,’ and tackle all new modes, a new Strike, quests, weapons, and gear. I, for one, can’t stop playing. And you won’t be able to either.”
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Wednesday session in green amid volatile trading. The shares closed up +7.16 points or 7.12% at $107.78 with 8.76 million shares getting traded. Post opening the session at $106.54, the shares hit an intraday low of $105.80 and an intraday high of $108.22 and the price vacillated in this range throughout the day. The company has a market cap of $54.21 billion and the numbers of outstanding shares have been calculated to be 498.97 million shares.
Adobe Systems Incorporated (ADBE) on September 21, 2016 reported financial results for its third quarter fiscal year 2016 ended Sept. 2, 2016.
Third Quarter Financial Highlights
- Adobe achieved record quarterly revenue of $1.46 billion, representing year-over-year growth of 20 percent.
- Diluted earnings per share were $0.54 on a GAAP-basis, and $0.75 on a non-GAAP basis.
- Digital Media segment revenue was a record $990 million, with Creative revenue growing 39 percent year-over-year to a record $803 million.
- Strong Creative Cloud and Document Cloud adoption drove Digital Media Annualized Recurring Revenue (“ARR”) to $3.70 billion exiting the quarter, a quarter-over-quarter increase of $285 million.
- Adobe Marketing Cloud achieved record revenue of $404 million.
- Year-over-year operating income grew 50 percent and net income grew 55 percent on a GAAP-basis; operating income grew 36 percent and net income grew 37 percent on a non-GAAP basis.
- Cash flow from operations was a record $518 million, and deferred revenue grew to a record $1.80 billion.
- The company repurchased approximately 3.5 million shares during the quarter, returning $344 million of cash to stockholders.