Activision Blizzard gives weak 2019 guidance, says it will slash 8% of workforce

EPS: $1.29 adjusted vs. $1.28 estimated by Refinitiv

Revs. $2.84 billion vs. $3.04 billion estimated by Refinitiv

Activision Blizzard expects first-quarter earnings per share of 20 cents— less than half of what Wall Street was looking for — on revenue of $1.18 billion. Refinitiv consensus estimates projected EPS of 46 cents on revenue of $1.45 billion for Q1 2019.

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