Activision Blizzard, Inc (ATVI) Financial News - Ahead of the Bell: Electronic Arts shares climb

Activision Blizzard, Inc (ATVI)

Ahead of the Bell: Electronic Arts shares climb

Keywords: Ahead of the Bell: Electronic Arts shares climb, atvi,erts
Quote: Zombies" earlier this month, said the digital side of its business is growing strongly.Wedbush analyst Michael Pachter thinks that with cost controls, share buybacks and growth in its digital business, EA can increase its earnings per share by 20 cents or more in each of the next two years."We view the PopCap acquisition as a long-term positive; though the costs may be high, the opportunities in digital casual gaming are large and growing much faster than EA's traditional packaged goods business," wrote Pachter, who rates EA "Outperform," in a note to investors.EA, he added, has "many upcoming catalysts," including "Battlefield 3," a competitor of rival Activision Blizzard Inc.'s popular "Call of Duty" series. EA is seeing strong preorder s for the game, up significantly from the earlier "Battlefield: Bad Company 2" and "Medal of Honor" military shooters that had tried to compete with "Call of Duty."Shares of Redwood City, Calif.-based EA climbed 29 cents, or 1.2 percent, to $24.10 in premarket trading....
Open whole article (external link)

Other Financial and Stock Market News concerning Activision Blizzard, Inc

Activision Blizzard, Inc Stock Summary

Activision, Inc. (“Activision,” the “Company,” or “we”) is a leading international publisher of interactive entertainment software and peripheral products. We have built a company with a diverse portfolio of products that spans a wide range of categories and target markets and that is used on a variety of game hardware platforms and operating systems. We have created, licensed, and acquired a group of highly recognizable brands, which we market to a variety of consumer demographics. Our fiscal 2007 product portfolio included such best-selling products as Call of Duty 3, Guitar Hero II, Tony Hawk’s Project 8, Tony Hawk’s Downhill Jam, Marvel: Ultimate Alliance, Over the Hedge, and X-Men: The Official Game. Our products cover diverse game categories including action/adventure, action sports, racing, role-playing, simulation, first-person action, music-based gaming, and strategy.