After yesterday's closing bell, Activision Inc. (ATVI). late Thursday reported third-quarter adjusted earnings rose to $284.9 million, or 90 cents a share, from $147.5 million, or 48 cents a share, in the same period last year. Revenue for the period ended Dec. 31 jumped 80% to $1.48 billion from $824.3 million in last year's comparable period.
For fiscal 2008, the Santa Monica, Calif.-based interactive entertainment software products company expects adjusted earnings of $1.07 a share on sales of $2.65 billion. For the fourth quarter, the company expects adjusted earnings of 4 cents a share on sales of $350 million.
Activision is the maker of the popular Guitar Hero video game. Obviously a big hit for Xmas.
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