Activision raises guidance on PS3 hopes

Two weeks after Activision first issued a preliminary earnings report announcing it had a record holiday season, it has increased guidance for the current quarter. On January 25, Activision predicted it would take in $170 million in revenue during the January-March 2007 quarter, the fourth in its 2007 fiscal year. Today, the company increased that number to $200 million.
Speaking to analysts in a conference call, Activision CFO Thomas Tippl, said that "better visibility regarding the allocation of PlayStation 3 hardware" was the main reason for the revision. Later, Tippl expanded on that statement, saying Activision had received "more specific information...from Sony on how their units are going to break out" for the console's March 2007 launch in Europe. "We have reflected that in our updated guidance," he said.

Read Full Story >>
The story is too old to be commented.