This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Activision Loss Widens

Video game maker Activision (ATVI - Get Report) on Thursday reported a wider-than-expected quarterly loss, but boosted revenue guidance for the coming quarter.

The company reported a net loss of $14.4 million, or 5 cents a share, for its fiscal fourth quarter ended March 31, compared to a net loss of $9.1 million, or 3 cents a share, for the year-ago period.

Excluding equity-based compensation expenses, the company reported a loss of 4 cents a share for the quarter. Analysts polled by Thomson Financial were expecting a loss of 2 cents a share.

Net revenue for the quarter was $313 million, compared to $188 million in the same quarter last year. The company had boosted its outlook on May 3, upping its earlier forecast of $200 million.

The company announced its earnings after the bell. Shares were down a penny, or 0.3%, to $19.79 in extended trading.

For fiscal 2008, Activision increased its net revenue outlook to $1.8 billion, above Wall Street's expectations of $1.72 billion. It expects operating income to more than double the recently ended fiscal year's figure.

The company expects earnings of 45 cents a share for the coming year. Excluding the impact of equity-based compensation expenses, the company expects earnings of 55 cents a share, in-line with analysts' expectations.

For the first quarter of fiscal 2008, Activision said it expected revenue of $425 million and earnings of 3 cents a share. Analysts are expecting revenue of $350.1 million.

Excluding the impact of equity-based compensation expenses, the company expects earnings of 5 cents a share, in line with expectations.

Activision said it would release its game, Enemy Territory: Quake Wars, in the second quarter.

The company also updated its preliminary financial results for the nine months ended December 31, 2006.

Including equity-based compensation expenses, the company declared earnings of 33 cents a share for the period, compared to the 30 cents a share reported earlier.

Excluding the impact of equity-based compensation expenses, the company reported nine month earnings of 37 cents a share, compared to the 33 cents a share reported earlier.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ATVI $34.31 0.59%
AAPL $94.19 -1.04%
FB $118.08 0.55%
GOOG $695.81 0.50%
TSLA $234.18 0.80%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs