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Activision stock rockets on financial results

Publisher's share price jumps over 10% following better-than-expected Q2 results

Shares in Activision Blizzard have jumped over 10 per cent following the release of the company's Q2 earnings after trading on Wednesday.

The stock performed well over the course of the day yesterday to close up USD 1.23 at USD 12.78 - a rise of 10.7 per cent.

The publisher had reported higher-than-expected earnings for the three months to the end of June - over USD 1 billion - and while two key products in StarCraft II and Singularity were pushed back to a 2010 release, investors seemed reassured that the business was healthy.

Among the key franchises to see new titles before the end of this year are the hugely lucrative Guitar Hero and Call of Duty games, while Blizzard's World of Warcraft continues to tread its USD 1 billion-plus annual revenue path.