Investors Dump Activision (ATVI)

Shares of Activision (ATVI) dropped 6.47% today as investors unloaded shares of the software maker. Activision released its quarterly earnings today. Revenue dropped 6.8% to $967 million for the quarter. The good news is that Activision generated more revenue from its subscription and licensing segment. The bad news is that this was offset by a decrease in product sales. This is despite the release of the widely popular Starcraft II. "Earnings rose 12.3% to $219 million, or 17 cents per diluted share, compared with earnings of $195 million, or 15 cents per diluted share." Shares closed below $11 today.