THE QUARTER: Activision Blizzard Inc. posted a 12 percent increase in its second-quarter net income Tuesday. Adjusted earnings inched past Wall Street's expectations but revenue fell short, hurt by foreign exchange rations on the stronger dollar and lighter-than-expected sales of several games launched during the quarter.
THE GUIDANCE: The publisher of "Call of Duty" reaffirmed its full-year outlook but its guidance for the current quarter fell shy of analysts' expectations.
STOCK REACTION: Activision's shares fell 76 cents, or 6.5 percent, to $10.99 in after-hours trading.
Source: AP News
