Activision Earnings Rocket 90%

Video games 'Guitar Hero' and 'Call of Duty 4' drive company's growth
By Jim O'Neill,  Newser User
Posted Feb 8, 2008 11:18 AM CST
Activision Inc. provided this photo of a Guitar Hero III video game set. New this time around are online guitar battles and original recordings instead of remakes. The likenesses of real guitar rockers...   (Associated Press)
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(Newser) – Gamers who love Activision for Call of Duty and Guitar Hero have some company on Wall Street today after the company reported a 90% earnings surge and an 80% bump in sales for the quarter ending Dec. 31, reports MarketWatch. The company reported net income of $272.2 million, up from $142.8 million a year ago, and revised its forecast for the current quarter upward.

Strong holiday sales helped the company claim the top spot in US video game sales from perennial No. 1 Electronic Arts, reports the LA Times. Activision claimed a 17.7% market share compared to EA’s 15.2% in 2007. A pending $18 billion merger with World of Warcraft developer Vivendi should be wrapped up in the first half of this year.