Activision Blizzard (ATVI) Reaffirms FY09 Outlook
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Activision Publishing, Inc. (Nasdaq: ATVI) announced today that Blur(TM), the company's highly anticipated foray into the racing genre, is now scheduled to ship in 2010. The company is moving Blur from 2009 to give the development team more time to enhance the game's innovative and distinctive online multiplayer gameplay.
Separately, Activision Blizzard reaffirmed the calendar year 2009 outlook it provided on August 5, 2009 due to global demand for Modern Warfare 2(TM), which continues to exceed expectations, and strong attach rates for the recently launched Call of Duty(R): World at War(TM) map packs.
For FY09, the company continues to expect GAAP net revenues of $4.05 billion and GAAP EPS of $0.26. On a non-GAAP basis, the company continues to expect net revenues of $4.5 billion and EPS of $0.63. The Street is currently looking for FY09 sales of $4.59 billion with adj-EPS of $0.65.
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