Activision Blizzard (ATVI) said this morning that revenue and EPS for the March quarter are “tracking ahead of the company’s prior outlook.”
Activision had previously forecast $1.1 billion and 20 cents in GAAP revenue and EPS. Non-GAAP figures were seen at $525 million and two cents.
For the year, meanwhile, the company raised its forecast for GAAP EPS to 49 cents from 47 cents and non-GAAP EPS to 72 cents from 70 cents.
CEO Robert Kotick said the better-than-expected results were due to strong global demand for World of Warcraft and Call of Duty: Modern Warfare 2.
He said the company remains cautious about consumer spending, though, and “the fact that the majority of our games are not expected to launch until the fall.”
Activision investors are looking for some good news, given the ongoing dispute with the lead developers for Call of Duty. And in recent days, employee defections have picked up at Infinity Ward, the Activision unit responsible for Call of Duty, according to the New York Times.
Shares of Activision are up three cents, or 0.3%, in pre-market activity.
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