Gutspiller
05-07-2004, 03:41 PM
Video game publisher Activision Inc. (ATVI) on Thursday posted a quarterly profit compared with a year earlier loss, but saw its shares fall 4 percent in after-hours trade when it raised its full-year outlook to less bullish levels than Wall Street expects.
Activision said it assumed that "Doom III," one of the most anticipated PC games of all time, would be released in its September-ended quarter, although it cautioned that the ultimate timing of the release was in the hands of the game's developer, id Software.
Santa Monica, California-based Activision posted a net profit of $6.7 million, or 4 cents per share for its fiscal fourth quarter, compared with a year-earlier loss of $8 million, or 6 cents. Revenue rose to $162.9 million from $125 million a year earlier.
Analysts surveyed by Reuters Research, a unit of Reuters Group Plc, had been expecting earnings per share of 1 cent in the fourth quarter on revenue of $149.7 million, in line with the company's own higher forecast from late March.
Activision said it now expects earnings per share of 4 cents on revenue of $185 million in the first quarter, and earnings per share of 6 cents on revenue of $230 million for the second quarter.
iWon.com (http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=201&feed=reu§ion=news&news_id=reu-n06276318-u2&date=20040506&alias=/alias/money/cm/nw)
Activision said it assumed that "Doom III," one of the most anticipated PC games of all time, would be released in its September-ended quarter, although it cautioned that the ultimate timing of the release was in the hands of the game's developer, id Software.
Santa Monica, California-based Activision posted a net profit of $6.7 million, or 4 cents per share for its fiscal fourth quarter, compared with a year-earlier loss of $8 million, or 6 cents. Revenue rose to $162.9 million from $125 million a year earlier.
Analysts surveyed by Reuters Research, a unit of Reuters Group Plc, had been expecting earnings per share of 1 cent in the fourth quarter on revenue of $149.7 million, in line with the company's own higher forecast from late March.
Activision said it now expects earnings per share of 4 cents on revenue of $185 million in the first quarter, and earnings per share of 6 cents on revenue of $230 million for the second quarter.
iWon.com (http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=201&feed=reu§ion=news&news_id=reu-n06276318-u2&date=20040506&alias=/alias/money/cm/nw)