Game publisher Activision on Monday increased its earnings forecast for the current first quarter and the full 2003 fiscal year, citing strong sales of new titles. The company said in a statement it expects earnings of 18 cents a share and revenue of $165 million for the quarter, compared with previous guidance of 10 cents a share and revenue of $145 million.
For the year, the company now expects earnings of $1.10 a share and revenue of $890 million, up from previous guidance of $1.02 a share and revenue of $870 million. Activision's games based on the movie "Spider-Man" topped sales charts in May. The company also has several successful franchises of its own, including the "Tony Hawk Pro Skater" series of skateboarding games.