Losses should be put in context.
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Activision Blizzard Inc. posted a better-than-expected fourth quarter, Lazard Capital Markets analyst Colin Sebastian said Thursday.
Late Wednesday, Activision Blizzard (nasdaq: ATVI - news - people ) reported a quarterly loss of 5 cents per share, due in part to charges related to its combination in July with Vivendi Games. On an adjusted basis, earnings totaled 31 cents per share, beating the average analyst estimate by 2 cents per share according to a Thomson Reuters poll.
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Adjusted revenue of $2.3 billion beat analysts' forecast of $2.15 billion.
The company's results were helped by holiday sales of the games "Guitar Hero World Tour," "World of Warcraft: Wrath of the Lich King" and "Call of Duty: World at War."
