This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Activision Rolls Past Estimates

SAN FRANCISCO - Video-games publisher Activision (ATVI - Get Report) blew past analysts' fourth-quarter earnings estimates on strong sales of the company's Guitar Hero 3 and Call of Duty IV games.

Net income for the quarter was $44.2 million, or 14 cents a share, compared with a loss of $14.4 million, or 5 cents a share, in last year's quarter.

Excluding charges, the company earned 17 cents a share, ahead of analyst expectations of 12 cents.

Revenue for the quarter rose 92.8% to $602.5 million from $312.5 million a year ago. Analysts were expecting $373.1 million.

Shares of Activision climbed 2.9% in recent after-hours trading to $28.50.

For its first quarter fiscal 2009, Activision said it expects revenue of $500 million and earnings of 4 cents a share, excluding results from merger partner Vivendi Games. Excluding items, it expects to report earnings of 13 cents a share.

Analysts were expecting revenue of $484.3 million on earnings of 12 cents a share in the quarter.

In December, Activision said it would merge with Vivendi Games to create a new company called Activision Blizzard. The company said it is on track to close the deal in the next few weeks.

For fiscal year 2009, on a stand-alone basis, Activision expects net revenue of $2.75 billion and earnings of 72 cents a share. Excluding the impact of deferred revenue for online-enabled games, the company expects revenue of $3.1 billion for the year.

That compares to Street estimates of $2.8 billion in revenue and earnings of $1.18 a share.

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
THQI $0.31 0.00%
ATVI $23.11 0.78%
AAPL $126.83 -1.30%
FB $81.67 0.96%
GOOG $576.09 0.47%

Markets

DOW 18,138.83 +41.93 0.23%
S&P 500 2,100.61 +2.08 0.10%
NASDAQ 4,981.8360 +14.6950 0.30%

Partners Compare Online Brokers

Free Reports

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