Activision Blizzard still looking good?

Filed under: Forecasts, Microsoft (MSFT), Viacom (VIA), Sony Corp ADR (SNE), Electronic Arts (ERTS), Activision Inc (ATVI), Technology

Activision Blizzard (NASDAQ: ATVI) remains confident in its guidance for full-year earnings. According to StreetInsider.com, management is still looking for sales of $4.5 billion on the top line and adjusted earnings of 63 cents per share on the bottom line.

The publisher, which competes with Electronic Arts Inc. (NASDAQ: ERTS), should benefit from recent hardware price cuts made by Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT). With more units in the field, there most likely will be higher demand for Activision Blizzard's awesome pipeline, which includes Call of Duty.

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Activision Blizzard still looking good? originally appeared on BloggingStocks on Mon, 21 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.

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