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Summary Box: Activision posts solid 4Q results

Wed, 02/10/2010 - 3:01pm
The Associated Press

THE FOURTH QUARTER: Activision Blizzard Inc. posted a loss, but adjusted results pushed past Wall Street's expectations on strong sales of "Call of Duty: Modern Warfare 2."

WHAT'S NEXT: The video game publisher gave a cautious outlook for 2010, saying there's still uncertainty about the economy. It expects adjusted earnings of 70 cents per share on sales of $4.4 billion, below analysts' expectations.

INVESTORS: Activision's shares gained after hours, boosted by the announcement of a stock buyback plan and a new annual dividend of 15 cents a share.

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