Activision Swings to Profit on 'Transformers' Sales
Activision posted a small second-quarter profit, compared to a loss a year earlier, as revenue at the second-biggest U.S. videogame publisher jumped on sales of titles like "Transformers" and "Guitar Hero."
Following the earnings report, which was released at market close, Activision shares gained 5 cents at $22.95 in after-hours trade; the stock had slipped 15 cents to close at $22.90 during regular market hours on the Nasdaq.
Last week, key rival Electronic Arts, which publishes cult-favorite game franchises like "Madden NFL" and "The Sims," announced it had topped analysts' earnings estimates. EA pointed to strong sales of "global" games like the "FIFA 08" soccer brand, as well as games geared for Nintendo's popular Wii console.