Activison’s Third Quarter Exceeds Estimates

The company reported income of $20.5 million on revenues of $264.5 million in the third quarter, slightly down from last year’s third quarter result of $22.3 million in income on $268.9 million in revenue. The encouraging results have led Activision to increase it full-year earnings predictions by nine percent to $48 million. “Sony's shortfall of Playstation 2 systems has had no impact on our business model,” said Activision CEO Bobby Kotick, “Our conservative planning assumptions were based on having approximately 1 to 1.5 million systems available in the U.S. during the holiday season.”