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PROFIT FROM ‘PANDA’
Activision Blizzard said Thursday that sales of “Kung Fu Panda” and “Guitar Hero: On Tour” fueled a slightly better-than-expected profit for the period before its merger with Blizzard. Excluding results from Blizzard — the games unit of France’s Vivendi — Activision said net income rose from $27.8 million a year ago to $59 million. Revenue rose 32% to $654.2 million, beating the Wall Street forecast of $373.6 million.
DOLBY UP, UP AND UP
Dolby Laboratories beat forecasts with a 56% rise in quarterly profit and raised its outlook for the year, sending its shares up in after-hours trading. Dolby said Thursday that a strong personal computer market is expected to boost its high-margin licensing revenue. Net income was $46.4 million in the third quarter, compared with $29.7 million a year ago. Revenue rose 29% to $154.3 million.
Q2 LOSS FOR REAL
RealNetworks on Thursday posted a $2.3 million second-quarter net loss, compared with a year-ago $1.3 million profit, while its revenue rose 12% to $152.6 million. For the third quarter, Real expects revenue of $151 million- $155 million and another small loss.
Disney shares retreated 4% on Thursday to $30.42 after its quarterly earnings report Wednesday suggested a slowdown in the U.S. advertising market. Disney shares have dropped 6% since Jan. 1 but have held up fairly well compared with the slump experienced by its media peers.
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