Activision Q2

Activision has raised its full-year earnings projections and reported better-than-expected second-quarter earnings. Co-chairman and chief executive Robert Kotick stated that the company has raised its full-year earnings-per-share estimates 7 cents to 63 cents per share, citing the company's strong performance in the first six months of the year. The company reported net income for the second quarter of $4.3 million, or 17 cents per diluted share, up from income a year ago of $1.06 million or 4 cents per share. Revenues rose to $144.4 million, up from $115.4 million in the same period last year.