PORTLAND: Activision Blizzard Inc outshined rival Take-Two Interactive Inc during the holiday season, a key battleground for the video game industry.
That sent its shares down as 10% to US$114.55 in late trading. The stock had been up 4.3% this year through Thursday’s close.Fourth-quarter profit was US$1.23 a share, excluding some items, compared with a projection of almost US$1.20 a share. Its forecast for the current period was conservative – coming in below estimates – but that’s not unusual for the video game giant.
Take-Two Chief Executive Officer Strauss Zelnick said the company wasn’t expecting Bully this year anyway.“We feel great about how Rockstar is doing.”
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