Activision (ATVI) - Get Report was up 7% in preopen Island trading after posting fourth-quarter earnings after the close Wednesday of 3 cents a share, beating analysts' estimates of 1 cent and up from a loss of $2.07 a share in the year-ago period.

The video-game maker also raised its EPS targets for fiscal year 2002 to 80 cents from 76 cents. This morning,

UBS Warburg

hiked its price target on the stock to $41 from $32.