Activision Comes Out On Top, Raises Stakes
Popular gaming company Activision reported that its profits during Q4 almost doubled on an 80% increase in revenue. These numbers indicate a closing of the gap between Activision and rival Electronic Arts Inc. The company should prove to be an even stronger presence if the proposed merger with Vivendi SA’s game division happens later this year, reports wsj.com.
The two games responsible for such a large influx for the company are “Call of Duty 4: Modern Warfare,” and “Guitar Hero III: Legends of Rock.”
The report continued that net income for the quarter exceeded the predictions by the company of 76% a share. Revenue came in at $1.48 billion, over the projected $1.38 billion.
The firm has raised financial estimates for the new fiscal year to 97 cents a share compared to the previous 85 cents a share. Revenue is forecasted to be at $2.65 billion up from $2.45 billion.
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