Activision Says It's Got Game -- By Raising Guidance

Activision(ATVI Quote) shares ended up slightly Tuesday, after the video-game maker announced that it will meet or beat revenue and earnings guidance for its 2001 fiscal year, and fourth quarter ending March. 31.

The Santa Monica, Calif.-based software company that publishes interactive video-game software for PCs, home consoles, handheld devices, and the Internet, also said that it will buy back $15 million in debt.

Activision expects to earn 1 or 2 cents a share on revenue of $105 million to $110 million in the March quarter. Consensus estimates project a penny per share on $100 million, according to Multex.com. Those figures represent a decline from the same quarter last year, in which the company earned 9 cents a share on revenue of $103.8 million. ...