Sections

Activision share price wounded following "extraordinary error" by Dow Jones

Confusion overshadowed record Q1 revenue for publisher; stock value down 2.3 per cent by market close

Activision Blizzard shares plummeted more than six per cent yesterday after the early release of an incorrect earnings report by Dow Jones News Service.

Shares initially spiked to session highs in the afternoon before Activision's earnings report was scheduled to go live, raising concern among traders.

According to Bloomberg, headlines containing financial information "potentially from prior quarters" were mistakenly published by Dow Jones.

Described by Activision as an "extraordinary error", the debacle saw the publisher's share prices tumble, dragging Electronic Arts and Take-Two down with them.

Trading on Activision's shares was halted around an hour after the mix-up began, and resumed trading another hour later, closing out the day 2.3 per cent lower.

Following a correction from Dow Jones, Take-Two and EA shares surged to session highs before Activision released its earnings report in full, posting record Q1 revenue.

"We regret our error as well as inadvertently breaking the embargo," said Dow Jones in a statement. "We have issued a correction and are reviewing our processes."

Related stories

Activision on Spyro's missing subtitles: "there's no industry standard"

Toys for Bob opted not to include subtitles for video cutscenes in the Spyro Reignited Trilogy, may consider adding

By Rebekah Valentine

Battlefield V delay triggers EA share plummet, hedge fund exodus

Activision and Take-Two's stocks also take a hit in turbulent and competitive Q4

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.