Activision Raises Guidance

Officials from Activision have indicated that the company has raised its third quarter and full year guidance figures, citing stronger than expected Christmas sales. The company now expects earnings for the third quarter ending December 31 to reach 67 cents a share on revenue of $480 million – increased from previous estimates of 45 cents a share on revenue of $390 million. This boost in third quarter results increases the company’s full year guidance to earnings of 56 cents a share (up from 34 cents) and revenue of $870 million (up from $780m).