SANTA MONICA, Calif., Dec 11, 2001 /PRNewswire via COMTEX/ -- Activision, Inc. (Nasdaq: ATVI chart, msgs) announced today that based on the strength of the video game market and better than expected consumer response to its holiday slate, the company is raising guidance for the third and fourth quarters of fiscal 2002, resulting in higher guidance for the full fiscal year. The company is also raising earnings and revenue guidance for fiscal year 2003.
For the fiscal third quarter ending December 31, 2001, Activision expects earnings per share of $0.58 on net revenues of $330 million, an increase from the company's previous earnings per share guidance of $0.53 on revenues of $285 million. Year-over-year, the new December quarter guidance represents a 26% increase in earnings per share and a 25% increase in revenues.
Activision also raised fiscal fourth quarter guidance to earnings of $0.10 per share on revenues of $145 million. For the full fiscal year, Activision expects earnings per share of $0.73 on revenues of $725 million, which compares with prior guidance for earnings per share of $0.67 on revenues of $680 million. The new guidance for Fiscal 2002 equals a 46% increase in earnings per share and a 17% increase in revenues versus the prior fiscal year. |
