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Tuesday, 10 May 2011 - Activision Blizzard's quarterly profit, sales rise |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Hamas's Meshaal: U.S. had no right to kill bin Laden 2:25pm EDT River flooding begins to "wrap arms" around Memphis | 07 May 2011 Citigroup shares face struggle post-reverse split 4:35pm EDT Apple usurps Google as world's most valuable brand | 2:03pm EDT Sen. Schumer proposes "no-ride list" for Amtrak trains 08 May 2011 Discussed 158 Concerns raised over shooting of unarmed bin Laden, burial 142 Obama at U.S. base to pay tribute to bin Laden mission 108 Boehner demands trillion-dollar cuts in debt deal Watched US releases video of bin Laden from compound Sat, May 7 2011 Bin Laden on tape Sun, May 8 2011 Mississippi River floods force evacuations Fri, May 6 2011 Activision Blizzard's quarterly profit, sales rise Tweet Share this NEW YORK (Reuters)- Activision Blizzard posted higher profit and revenue in the fourth quarter, driven by sales of online content that users downloaded to accompany its "Call of Duty: Black Ops" video game. For the quarter ended March 31, Activision... Email Print Related News UPDATE 3-EA's quarterly profit, revenue rises Wed, May 4 2011 AOL display advertising improves, shares jump Wed, May 4 2011 UPDATE 4-KLA-Tencor sees Japan uncertainty pinching orders Thu, Apr 28 2011 UPDATE 6-Potash Corp profit lifted by surging grain prices Thu, Apr 28 2011 UPDATE 5-Bristol-Myers profit beats expectations Thu, Apr 28 2011 Analysis & Opinion Muni sweeps: Who is picking up the slack? Rebuild America Related Topics Technology » Hot Stocks » Asian Markets » Media » Stocks     NEW YORK | Mon May 9, 2011 4:30pm EDT NEW YORK (Reuters)- Activision Blizzard posted higher profit and revenue in the fourth quarter, driven by sales of online content that users downloaded to accompany its "Call of Duty: Black Ops" video game. For the quarter ended March 31, Activision Blizzard said income rose to $503 million, or 42 cents per share, from $381 million, or 30 cents per share, a year earlier. Adjusted for digital revenue, the company said earnings per share was 13 cents, up from 9 cents a year earlier. Sales rose 11 percent to $1.45 billion from $1.3 billion a year earlier. On an adjusted basis for digital revenue, sales grew to $755 million from $714 million a year earlier. The company raised its full-year 2011 earnings outlook to 73 cents per share from 70 cents. It estimated revenue of $3.95 billion this year, up from its previous $3.90 billion forecast. Chief Executive Bobby Kotick said in an interview that the company's digital revenue, which comes from online games such as "World of Warcraft," grew by $100 million year over year. He said sales of the expansion pack "First Strike," which accompanies "Call of Duty: Black Ops," were up 20 percent from sales of "Call of Duty: Modern Warfare 2" during the year-ago period. Activision Blizzard shares rose 9 cents to close at $11.53 on Nasdaq. (Reporting by Liana B. Baker; Editing by Richard Chang) Technology Hot Stocks Asian Markets Media Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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