Activision strums up Q3 financial forecast
Activision is loving modern warfare and plastic guitars as it increased quarterly revenue expectations by $180 million. The company was originally expecting revenues at $1.05 billion this quarter, but its revision is now set for $1.23 billion. The company's full year outlook went from $2.07 billion to $2.30 billion. The change was made due to higher than expected sales of Call of Duty 4: Modern Warfare and a little title known as Guitar Hero III.
Activision continues to hold the top US publisher spot, which it took from EA earlier this year. Activision's CEO says the publisher's had 16 years of growth and that this will be its most profitable quarter ever. It's good to own the Guitar Hero -- really good.
