Activision posts higher 3Q earnings, revenue has the latest financial reporting from Activision Blizzard, where third-quarter net income more than tripled on strong sales of Call of Duty: Modern Warfare 2 and StarCraft II, and where they have also raised their fiscal outlook for the full year. Word is: "For the three months ended Sept. 30, Activision earned $51 million, or 4 cents per share. This is up from $15 million, or 1 cent per share, a year earlier. Revenue climbed 6 percent to $745 million from $703 million. The company's adjusted earnings of 12 cents per share handily surpassed Wall Street's estimates of 9 cents per share. After adjustments to account for deferred revenue and costs related to games with online components, revenue was $857 million. On this basis, analysts polled by Thomson Reuters were expecting much lower revenue of $750 million." GamesIndustry.biz quotes Activision Blizzard CFO Thomas Tippl from a post-report conference call where he told investors in spite of the good results, "We have a number of businesses where the performance is not what we'd like it to be." Computer and Video Games cites that call as the source of word from Activision CEO Eric Hirshberg on plans for 2011 "Hero brand," Spider-Man, X-Men, and Transformers games and that they are also working on "an exciting new kid's property that will feature innovative technology and has the potential to open up a whole new product segment for us."