Activision Q3: Sales Soar, Beats Street (ATVI)

Strong sales of Call Of Duty 4 and Guitar Hero III helped video game giant Activision easily beat Street estimates for Q3 sales and EPS. The company recorded $1.48 billion in Q3 sales, up 80% y/y and higher than the Street’s $1.36 billion estimate, and 86 cents EPS, beating the Street by 6 cents per share. Net income jumped 90% y/y to $272.2 million last quarter.

The company expects growth to slow this quarter: Activision gave guidance for Q4 sales of $350 million — up 12% y/y. Release.

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