'Guitar Hero' continues to play sweet music for Activision

Activision Blizzard Inc. on Thursday reported that Activision Inc.'s first-quarter profits more than doubled on strong sales of the "Guitar Hero" franchise and the game based on the animated movie "Kung Fu Panda."

The first quarter ended before the closing of Activision's merger with Vivendi Games, creating Activision Blizzard.

In the quarter, Activision earned $59 million, or 18 cents a share, up from $27.8 million, or 9 cents a share, in the first quarter a year ago.

In the quarter, Activision logged $654.2 million in sales, up from $495.5 million a year ago.

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dennisec164314d ago

Wow my 50 bucks is a part of $654.2 million.