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Activision Q2 Report Better Than Expected, Still Down From ’06

This article is over 18 years old and may contain outdated information

Activision, gaming’s second largest publisher, today announced its Q2 fiscal year earnings report, beating analyst expectation despite a drop from FY ’06.

Revised predictions for the ’07 fiscal year puts Activision on track, according company figures, to bring in $1.15 billion in revenue, up from earlier expectations of $1.08 billion. Analyst expectations aren’t quite as positive forecasting $1.09 billion for the year. By comparison, the number one publisher, Electronic Arts, expects to generate nearly $3 billion for the year.

According to an Activision press release, net revenues for the second quarter ended September 30, 2006 were $188.2 million, a 45% increase over the company’s prior outlook of $130.0 million. That number, however, is down from the company’s $222.5 million over the same period last year.

The large increase on the quarter against predictions drove Activison’s stock up over %7 in after hours trading on Wednesday.

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