Activision Raises Outlook On Strong Holiday Sales |
| Wall Street Journal - Nov 27, 2007 |
Activision Inc. raised its outlook for the fiscal third quarter and year, due to a hot start to the holiday sales season from new videogame titles like "Guitar Hero III: Legends of Rock" and "Call of Duty 4."
"Due to the strong consumer response to our slate through October and strong retail sales over the Thanksgiving weekend, we are raising our financial outlook for the December quarter and the fiscal year," said Chairman and Chief Executive Robert Kotick.
For the quarter ending Dec. 31, the Santa Monica, Calif.-based videogame publisher now expects earnings of 66 cents a share on revenue of $1.23 billion, up from a previous third-quarter estimate of 51 cents a share on revenue of $1.05 billion. Excluding items, the company expects earnings of 70 cents a share, up from a previous estimate of 55 cents a share. The mean estimate of analysts polled by Thomson Financial was for earnings of 56 cents a share on revenue of $1.04 billion.
Read Full Article from Wall Street Journal
- Posted: 2007-11-27 10:26:20
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