This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Activision Loss Widens

Video game maker Activision (ATVI) 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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs