Activision Blizzard reports Q2 profit
Games adapted from blockbuster boost earningsIn part due to games based on blockbuster movies, Activision Blizzard bested Wall Street's expectations in reporting quarterly earnings Wednesday.
The video game company registered a $195 million profit on revenue of $1 billion. Comparisons aren't relevant because the company was formed just 13 months ago when Vivendi merged its video game unit with Activision.
Among the company's big sellers during the second quarter were "Transformers: Revenge of the Fallen," "X-Men Origins: Wolverine," "Prototype," and the latest from the "Guitar Hero" and "Call of Duty" franchises.
Activision, though, delayed the release of two games, "Singularity" and "StarCraft II." Those delays caused the company to reduce its sales guidance for the next quarter, but it also increased full-year earnings-per-share guidance.
Activision shares fell 2% to $11.55 Wednesday and fell fractionally in after-hours trading once its earnings results were released.