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Activision Blizzard (ATVI) Stock Gains in After-Hours Trading on Strong Q1 Results

NEW YORK (TheStreet) -- Activision Blizzard (ATVI - Get Report) 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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