Activision Blizzard Lowers Revenue Guidance Over Title Delays

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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]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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