Activision Blizzard To Host Conference Call On Changes To Financial Reporting

By Markets MarketWatch Pulse

Activision Blizzard Inc. said Tuesday it will host a conference call on July 29 to discuss changes it is planning to its financial reporting. The video game maker said the changes are in response to the Securities and Exchange Commission's updated compliance and disclosure interpretations released on May 17. The SEC has repeatedly said it is concerned at the widespread use of non-GAAP numbers", or those that do not comply with Generally Accepted Accounting Principles. "The updated interpretations apply to all U.S. public companies that report Non-GAAP measures and do not affect underlying business performance," the company said in a statement. "Activision Blizzard will not be discussing business results during the call." Shares were slightly higher premarket, but are up 9.5% in the year to date, while the S&P 500 has gained 6%.

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