Buffalo, New York 11/6/2009 9:30:00 AM
News / Business

Activision (NASDAQ: ATVI) Posts 3Q Profit Due to “Guitar Hero 5,” “World of Warcraft”

Activision Blizzard (NASDAQ: ATVI) reported a profit for its third quarter because of a good response for games such as "Guitar Hero 5" and "World of Warcraft," according to Associated Press.

 

Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter.

 

The video game company said Thursday its net income grew to $15 million. In the same period of 2008 it lost $108 million, though the results are not completely comparable because Activision Blizzard was formed 10 days into the year-ago quarter. Revenue slid slightly.

 

The company says the launch of games such as "Call of Duty: Modern Warfare 2" will help it hit this year's goal of $4.5 billion in adjusted revenue. That is roughly in line with expectations.

 

Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.

 

About Best Damn Penny Stocks

 

Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.

 

Please click here to read the full disclaimer.