Activision issues record Q1 earnings

By Patrick Garratt
15 July 2008 07:24 GMT

According to this Gamespot piece, Activision has announced a performance in its first fiscal quarter, anticipated revenues of $650 million. That tally is $150 million higher than its projected first-quarter performance of $500 million, announced in May.

The fiscal performance translates to between $0.21 and $0.23 earnings per share, up from the $0.13 initially projected.

“Activision’s first quarter stand-alone net revenues and earnings were the highest ever for a non-holiday quarter,” said Activision Blizzard president and CEO Robert Kotick. “Our significant overperformance in Q1 would have further added to our previously given stand-alone fiscal 2009 net revenues and earnings outlook, making it by far the largest and most profitable year in Activision’s history.”

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