Activision Inc. (Nasdaq: ATVI) reversed year ago losses of 5 cents per share to report a profit of 14 cents per share for the fourth quarter as sales of Guitar Hero III and Call of Duty 4 boosted revenue to far exceed expectations. Analysts promptly upgraded the video game publisher sending the stock price soaring $3.94 to close at $31.64.
Activision Impresses
May 09, 2008 at 18:18 PM EDT