Activision raises 2012 outlook after 3rd quarter results beat

SAN FRANCISCO Wed Nov 7, 2012 4:12pm EST

SAN FRANCISCO Nov 7 (Reuters) - Activision Blizzard Inc reported better-than-expected third-quarter results and raised its 2012 forecasts, expecting its "Call of Duty: Black Ops II" title to sell strongly starting next week.

The world's largest videogame publisher said non-GAAP revenue rose about 20 percent to $751 million from $627 million a year ago, surpassing Wall Street's average forecast for $709.8 million.

Non-Gaap net income was $168 million, or 15 cents per share, in the third quarter, compared with $87 million, or 7 cents a year earlier. (( )

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