Activision Blizzard Beats Estimates With ‘Skylanders,’ ‘Diablo’
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Activision Blizzard Inc., the video-game maker put up for sale by majority owner Vivendi SA, posted quarterly results that beat analysts’ estimates on gains from its “Skylanders” and “Diablo” titles.
Second-quarter profit, excluding items, totaled 20 cents a share, beating the 12-cent average of 19 analysts’ estimates. Net income fell 45 percent to $185 million, or 16 cents a share, from $335 million, or 29 cents, a year ago, Activision, the largest U.S. game publisher, said yesterday in a statement.