By Malathi Nayak SAN FRANCISCO (Reuters) - Activision Blizzard Inc reported better-than-expected fourth-quarter income on strong sales of its "Call of Duty" titles during the holidays, helping drive its stock to a five-year high despite a middling first-quarter outlook. The largest U.S. videogame publisher believes its coming action game "Destiny" will become the company's next billion-dollar franchise, Chief Executive Officer Bobby Kotick said in a statement. Activision's strategy "of doing a few things extremely well while keeping a close eye on costs has served us well and we expect it to continue to serve us well in the future," Chief Financial Officer Dennis Durkin said on an earnings call with analysts. The company, also known for its "Skylanders" games, said its fourth-quarter revenue dropped to $1.52 billion from $1.77 billion a year ago, and net income fell to 22 cents per share from 31 cents per share, in the year-ago period.
via Tech News Headlines - Yahoo News http://ift.tt/Mw6QdT
Brak komentarzy:
Prześlij komentarz