Latest in Gaming

Image credit:

Pachter expects strong Activision Q4 financial results

Share
Tweet
Share
Save


In advance of this Thursday's release of Activision's Q4 financial results, Wedbush Morgan analyst extraordinaire Michael Pachter expects Activision's sales were up 88% this quarter over last year, based on NPD data. GameDaily reports Activision's guidance expected revenues of about $350 million this quarter, but Pachter believes it's more like $425 million.

Pachter further notes that Activision may see revenues decline this fiscal year as sales from Guitar Hero III and Call of Duty 4 wane, though the big thing for investors remains the approaching merger with Vivendi Games. Activision Blizzard should be a reality in the next few weeks and Pachter maintains a "Buy" rating on the company.

From around the web

ear iconeye icontext file