Earnings: Activision Swings To Loss In Q4, But Revs Beat Estimates
This story was written by Tameka Kee.
Robust sales of blockbuster titles like Guitar Hero World Tour weren't enough to keep Activision (NSDQ: ATVI) Blizzard in the black for Q4, as the publisher swung to a loss for Q4. The company reported a GAAP net loss of $72 million or $0.05 per share; that's in contrast to an $86 million profit and EPS of $0.15 in Q407.
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By Tameka Kee