November 7, 2012 / 9:15 PM / 5 years ago

Activision raises 2012 outlook after 3rd quarter results beat

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. ((Malathi.Nayak@thomsonreuters.com)(415-677-2538)(@MalathiNayak )

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below