Activision Blizzard shares partly recover after sex-harass suit as two execs exit
NY Post
Activision Blizzard’s stock clawed back losses from a slump spurred by a bombshell sex-harassment suit last month after the company said two executives had left, even as it reported higher-than-expected quarterly revenue.
The video-game giant forecast second quarter adjusted revenue at $1.92 billion, compared with analysts’ estimates of $1.89 billion, according to analysts surveyed by Bloomberg. Activision Blizzard shares were trading at $83.12 shortly after market open on Wednesday, up 4 percent. The share boost also came after the company behind games like “Call of Duty,” “World of Warcraft” and “Candy Crush” said at least two top executives had left the company.
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