Summary Box: Activision 2Q profit climbs
Summary Box: Activision 2nd-quarter net income climbs, revenue slips
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.
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