Activision's Q3 profits tempered by future review, delay |
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It looks like Activision's estimates were spot-on, as their Q3 report notes an 84% rise in profits. While the game publisher expects their revenue for the fourth quarter to be higher than their early estimates, they're tempering their news as a result of some additional news that will evidently detract from their business.The company's net income rose sharply, from US$ 67.9 million to US$ 124.8 million. Compared to last year's Q3 revenues, Activision has also had some good fortune with a net revenue of US$ 822.8 million, definitely a boon compared to last year's US$ 816.2 million.
At the same time, they've also tempered their enthusiasm for next quarter's results. This is due to their upcoming review of their stock option practices, as well as the delay of their highly-anticipated Enemy Territory: Quake Wars game.
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