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Activision Blizzard (ATVI) Stock Earnings Estimates Hiked at Barclays on Q2 Beat

NEW YORK (TheStreet) -- Shares of Activision Blizzard (ATVI) were lower in early-afternoon trading on Friday, despite posting an earnings and revenue beat for the 2016 second quarter.

After Thursday's market close, the Santa Monica-based gaming and entertainment company reported revenue of $1.61 billion, topping analysts' estimates of $1.46 billion. The company posted adjusted earnings of 54 cents per share, while analysts were expecting 42 cents per share.

In response, Barclays raised the company's...