Tuesday, November 27, 2007

Activision Raises Outlook on Guitar Hero III, Call of Duty 4

Activision keeps on rockin' - the company is now expecting full year revenues of $2.30 billion. It will be Activision's 16th consecutive year of revenue growth.

Posted by James Brightman on Tuesday, November 27, 2007

Thanks to "better than expected consumer response to its holiday slate worldwide," Activision today raised its third quarter and full year fiscal outlook. This is largely due to the great success of Guitar Hero III and Call of Duty 4: Modern Warfare.

For the holiday period (third quarter ending Dec. 31), Activision now expects record net revenues of $1.225 billion and earnings per share of $0.66. This is up from the previous guidance of net revenues of $1.050 billion and earnings of $0.51 per share.

For the full year ending in March, the publisher is anticipating record net revenues of $2.30 billion and earnings per share of $0.75. This is significantly higher compared to its previous outlook of net revenues of $2.07 billion and earnings per share of $0.55.

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Jason Kiwaluk

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