NEWS - Friday, December 19, 2003


Activision Foresees Strong Third Quarter

Activision has raised its revenue expectations for the third quarter (ending December 31, 2003) of its 2004 fiscal year. The company now expects earnings per diluted share of $0.67 and net revenues of $480 million, up from the earlier expectations of $0.45 per diluted share and $390 million. The boost in expectations is due to the “strong market performance” of Tony Hawk’s Underground, True Crime: Streets of L.A. and Call of Duty. Fourth quarter expectations remain the same with revenues of $114 million and a loss per share of $0.05. In its full fiscal year, the company expects earnings per diluted share of $0.56 and net revenues of 870 million, up from earlier expectations $.034 per diluted share and $90 million in net revenues.
Source: http://ww.gamepro.com/

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