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| Activision Announces Second Quarter 2006 Results Activision, Inc. announced financial results for the second fiscal quarter ended September 30, 2005. Net revenues were $222.5 million, an increase of $22.5 million from the company's prior outlook of $200 million. Net revenues for the second quarter of last fiscal year were $310.6 million. Net loss for the second fiscal quarter was $13.2 million, as compared with a net income for the second fiscal quarter last year of $25.5 million. Loss per share was $0.05, which is $0.02 better than the company's prior outlook of a loss per share of $0.07, as compared with earnings per diluted share of $0.09 reported for the same period last year. Net revenues for the six-month period ended September 30, 2005, were $463.6 million, as compared to net revenues of $521.9 million reported for the six-month period of last fiscal year. Net loss for the six-month period was $16.8 million, or a loss per share of $0.06, as compared with net income of $37.5 million, or earnings per diluted share of $0.14, reported for the same period last year. Activision's second quarter results were driven by sales of Ultimate Spider-ManTM for the PlayStation 2 computer entertainment system, Xbox video game system from Microsoft, Nintendo Game Cube., Nintendo Game Boy Advance, Nintendo DSTM video game platforms and the PC; and X-Men Legends II: Rise of Apocalypse and World Series of Poker for the PlayStation 2 computer entertainment system, Xbox video game system from Microsoft, Nintendo Game CubeTM, the PC and the PlayStation Portable Entertainment Platforms (PSPTM). The company also released Tony Hawk's Underground 2 Remix and Spider-Man 2TM in conjunction with the European launch of the PSP hardware. Other highlights include: On September 12, 2005, Activision announced the appointment of Thomas Tippl as Chief Financial Officer and Director of Activision Publishing, Inc. A 14-year veteran of Procter & Gamble, Tippl has held leadership positions in investor relations, global treasury, financial and strategic planning, acquisitions and divestitures and financial management of business units in Asia, Europe and North America. During the second quarter, Activision's Board of Directors approved a four-for-three split of its common shares. The split was announced on September 28, 2005 and was paid on October 24, 2005 to shareholders of record as of the close of business on October 10, 2005. Activision's third quarter slate will be driven primarily by proven franchises which include Tony Hawk's American WastelandTM for the PlayStation 2 computer entertainment system, Xbox video game system, the soon- to-be released Xbox 360TM video game and entertainment system, Nintendo GameCube, Nintendo Game Boy Advance and the Nintendo DS; Call of Duty 2TM and Quake 4TM for the PC and Xbox 360 video game and entertainment system; Call of Duty 2: Big Red OneTM and True Crime: New York CityTM for the PlayStation 2 computer entertainment system, Xbox video game system and Nintendo GameCube; and Shrek SuperSlam for the PlayStation 2 computer entertainment system, Xbox video game system, Nintendo GameCube, Nintendo Game Boy Advance and the Nintendo DS. Additionally, the company will introduce two new intellectual properties GUNTM, from our internal studio Neversoft, which is being developed for the PlayStation 2 computer entertainment system, Xbox video game system, Xbox 360TM video game and entertainment system, Nintendo GameCube, and the PC; and The MoviesTM for the PC. For the full fiscal year, Activision raised its net revenue outlook to $1.48 billion, and expects earnings per diluted share of $0.52. The company reconfirmed its net revenue outlook for the third quarter and expects net revenues of $790 million and earnings per diluted share of $0.52. For the fourth quarter, Activision expects net revenues of $226 million and earnings per diluted share of $0.05. write your comments about the article :: © 2005 Game News :: home page |