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Activision Blizzard beats Street 1Q forecasts

SANTA MONICA, Calif. (AP) _ Activision Blizzard Inc. (ATVI) on Thursday reported first-quarter net income of $336 million.

The Santa Monica, California-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The maker of "Call of Duty"...


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