Activision Blizzard Lowers Revenue Guidance Over Title Delays
Amit Chowdhry | Thursday August 6, 2009 | 259 views
Activision Blizzard has reported their Q2 2009 reports earlier this week. The reports were as Wall Street expected. The revenue guidance for 2009 lowered from $4.3 billion to $4.05 billion due to the delay of titles Singularity and StarCraft 2. Analysts were expecting $4.9 billion in total revenue for the year.
Revenue for the quarter was $801 million which is what analysts were expecting. EPS was $0.08 and analysts expected $0.07. Revenue was generated by strong sales in titles such as PROTOTYPE, Guitar Hero World Tour, Call of Duty: World at War, and the Wolverine line of games.
[via BusinessInsider]
Categorized under Activision, Activision Blizzard Inc.
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