NEWS - Friday, April 16, 2010
Activision Raises Q1 Fiscal Outlook
Activision has found higher-than-expected demand for some of its titles, and has raised its fiscal first quarter outlook to reflect the higher sales. The Associated Press (via Canadian Business) reports that the company expects to hit above its previous prediction of $1.1 billion in net revenue for the first quarter, which ended on March 31. The company has also adjusted its outlook on adjusted revenue, from $525 million to an expected $553 million, and earnings from two cents per share to three. The first-quarter results are due on May 6.
The company attributes its outlook based on two games: Call of Duty: Modern Warfare 2 and World of Warcraft, both of which are experiencing "strong global demand." The controversy surrounding Infinity Ward doesn’t seem to be affecting the bottom line, but Activision Blizzard has seen a small dip in stocks since we’ve heard of recent depatures.
Source: http://www.1up.com
