Activision Raises Q3, Fiscal 2008 Outlook On Strong Holiday Lineup

Publisher Activision has announced that it has increased its third quarter sales outlook to a record $1.375 billion following "better than expected consumer response to its holiday slate worldwide" and fiscal 2008 outlook to $2.45 billion from the previous $2.30 billion. The company's previous third quarter sales guidance, for the period ending December 31st, was $1.225 billion. It also says its earnings per share guidance is up from $0.66 to $0.76 for the quarter, taking into consideration the recently announced merger with Vivendi. Activision says that its newly revised outlook is the highest in the company's history for both the third quarter and full year, and follows the latest NPD report for November showing the publisher achieving number one ranking amongst other publishers. Said CEO Robert Kotick, “The company increased its market share for the eleven month period to a record 16.8%, a 7.9% increase over the same period last year. We continue to see strong audience excitement for our products and as a result we are again raising our financial outlook for the December quarter and the fiscal year.”