On the heels of strong report from Electronic Arts
For the second quarter, the video game maker showed a $13.2 million loss, or a dip of $0.05 per share, on $222.5 million in net revenue. That's down considerably from last year's $0.09-per-share profit on $310.6 million -- a particularly strong quarter that featured the release of big titles such as Spider-Man 2, a Call of Duty installment, and Doom 3 for the PC -- but this week's results were better than the average analyst estimate calling for a loss of $0.07 per share on $203.5 million.
Frankly, there's not much to talk about here. But looking ahead, Activision has power on its plate for the holiday quarter, with a strong game lineup set to debut on Nov. 22 for the next-generation Microsoft
For the third quarter, Activision expects to earn $0.52 per share on $790 million in revenues, both figures just below the analyst estimates. For Q4, the company forecasts earnings of $0.05 per share on $226 million in revenues, with earnings hurt by $0.02 because of the delay of the PSP release of Gun. And for the full year, the company expects to earn $0.52 per share on $1.48 billion in revenues. In all, things are looking good for this company, though investors might want to take note that the stock is trading near all-time highs.
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Fool contributor Jeff Hwang owns shares of Electronic Arts. The Motley Fool has a disclosure policy.