Activision Q1 Tops Street Ests; But Q2 Forecast Comes In Light

Activision Blizzard (ATVI) this afternoon reported mixed results, with a stronger-than-expected Q1, but disappointing guidance for Q2.

For Q1, the company posted revenue of $714 million and profits of 9 cents a share, ahead of the Street at $571 million and 4 cent.

For Q2, the video game publisher sees revenue of $700 million and profits of 4 cents a share, shy of the Street consensus at $804 million and 9 cents.

For the full year, the company sees $4.4 billion in revenue and profits of 72 cents a share; the Street is projecting $4.5 billion and 73 cents.

ATVI in late trading is up 11 cents, or 1.1%, to $!0.60; the stock fell 26 cents in the regular session.