'Guitar Hero' amps Activision

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Activision, the second-biggest U.S. video game publisher, raised its fiscal third-quarter and fiscal 2008 outlooks, citing robust sales for its "Guitar Hero" and "Call of Duty" game franchises.

The company now expects quarterly earnings of 66 cents a share compared with a previous forecast of 51 cents. It also raised its revenue outlook to $1.23 billion for the quarter, compared with an earlier forecast of $1.05 billion. Activision shares rose 13.8% to $21.54.
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