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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    "Guitar Hero" brings higher revenue for Activision

    Gabriel Madway
    SAN FRANCISCO
    Thu Nov 5, 2009 6:35pm EST

    SAN FRANCISCO (Reuters) - Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest "Guitar Hero" offering.

    Media  |  France  |  Japan

    Activision, the world's largest video game publisher by market capitalization, has the most anticipated release of the year on tap, "Call of Duty: Modern Warfare 2," set for release next week. Some expect it to be the biggest-selling game of all time.

    But Chief Executive Bobby Kotick told Reuters in an interview that although he was confident in the company's product lineup for the crucial holiday season, he was "very concerned" about the consumer mood.

    "The question is whether the consumer will materialize, and I think there's huge risk that the consumer won't materialize."

    According to data released Thursday by NPD, GfK Chart-Track and Enterbrain, third-quarter industry-wide video game software unit sales fell a combined 6 percent in the world's three largest markets: the United States, Japan and the United Kingdom.

    Activision reported a third-quarter net profit of $15 million, or 1 cent a share, compared with a year-ago net loss of $108 million, or 8 cents a share.

    Excluding items, Activision earned 4 cents a share, matching with the average analyst estimate. Revenue fell 1 percent to $703 million, while non-GAAP revenue came in at $755 million. Wall Street was expecting revenue of $724 million.

    For the current quarter, the company forecast earnings excluding items of 43 cents a share on non-GAAP revenue of $2.22 billion. It said its full-year 2009 forecast remains unchanged.

    Shares of Santa Monica, California-based Activision closed at $10.88 and rose to $11.05 in extended trading.

    (Reporting by Gabriel Madway; Editing by Steve Orlofsky)
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