Activision Blizzard Gets Positive Wall Street Reviews Despite Guidance

Analysts remained mostly positive on Activision Blizzard  (ATVI) – Get Report Friday, even though the video game maker offered disappointing guidance after beating Wall Street’s third-quarter expectations.

Shares of the Santa Monica, Calif.-based company were off 2.4% to $75.19 in trading Friday.

Activision Blizzard, whose franchises include “Call of Duty,” “World of Warcraft” and “Candy Crush,” reported adjusted earnings of 71 cents a share on net bookings of $1.77 billion in the September quarter. Analysts expected earnings of 65 cents a share on sales of $1.69 billion.

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