Activision beats forecasts

The US publisher reported net revenues of $188m, compared to $241m in the same period last year, while losses increased from $3.6m to $18m in the first quarter this year.

“Activision delivered better-than-expected results for the first quarter and our balance sheet remains one of the strongest in the industry,” said chairman and CEO Robert Kotick. “We are excited about our strong launch line-up for the PlayStation 3 and Nintendo Wii, as well as our solid slate for the Xbox 360. While there is still uncertainty with respect to the opportunities next-generation consoles will provide this fiscal year, we remains confident about the long-term industry prospects and our ability to realise superior returns for our shareholders.”

For the second quarter of FY2007, Activision expects net revenues of $130m and a loss per share of $0.13. For the full year, the firm is raising its net revenues outlook to $1.075 billion.

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