Activision Blizzard's Q3: Am I right to be bearish? - Steven Mallas

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Activision Blizzard's Q3: Am I right to be bearish?
Nov 06, 2009 03:20 PM UTC

Steven Mallas

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Via BloggingStocks:

Filed under: Earnings reports, Sony Corp ADR (SNE), Electronic Arts (ERTS), Activision Inc (ATVI), Technology, Nintendo (NTDOY)

Activision Blizzard (NASDAQ: ATVI) published third-quarter results on Thursday after the bell. I can't say I was wholly taken with them. I know the best is probably yet to come once the Christmas shopping season really gets under way, but I was a little disappointed that the company saw a decline in adjusted profit.

Excluding items, Activision Blizzard made 4 cents per share this quarter versus the 7 cents per share made in last year's similar period. Well, did I say I was a little disappointed? Make that a lot disappointed. After all, this is supposed to be the publisher with the best pipeline on the block, the one with the Guitar Hero franchise and a great portfolio of licensed intellectual properties.

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Activision Blizzard's Q3: Am I right to be bearish? originally appeared on BloggingStocks on Fri, 06 Nov 2009 10:20:00 EST. Please see our terms for use of feeds.

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