REPORT - Analyst Maintains Outperform Rating on Activision, Raises Q2 and 2012 Revenue Estimates
Analyst Colin Sebastian of Robert W. Baird & Co. Incorporated sent out a note this morning to investors of Activision stock saying that they are maintaining a rating of outperform. This rating is based on Activision's latest financial results which were fairly solid thanks to sales of its Skylanders line of toy-game hybrid products for various platforms and continued sales growth in its Call of Duty Elite membership program. These things helped Activision offset retail sales of Call of Duty: Modern Warfare 3 (which are not quite as strong as the previous Call of Duty title).
Full report here
Full report here
Related Posts:
- Activision Blizzard Q1 2012 financials: $1.17 billion in net revenue, down year-over-year - joystiq
- Call of Duty Elite reaches 10 million users, 2 million paid subscriptions - joystiq
