NEW YORK () -- Activision Blizzard ( - ) stock is increasing by 4.01% to $36.31 in after-hours trading on Thursday, after the company reported better-than-expected 2016 first quarter financial results.
The Santa Monica, CA-based game developer reported earnings of 23 cents per share for the quarter, nearly double the 12 cents per share that Wall Street was expecting.
Revenue increased by 29% year over year to $908 million for the latest quarter, exceeding expectations of $813 million.
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