Activision's Q2 Mixed, But Guidance Weak, Stock Down (ATVI)

Activision Blizzard ATVI reported weak revenue but strong profits for Q2. Revenue came in at $967 mln vs $1.04 bln consensus. EPS was 17 cents, above estimates of 15 cents. Guidance was weak for the 3rd quarter, which is surprising, since the company's heavily anticipated Starcraft II launched on July 27th. Two more blockbuster titles, Call of Duty: Black Ops and World of Warcraft: Cataclysm are due out later in the year.