Are Investors Overreacting to the Game Delays at Activision Blizzard?
Activision Blizzard (NASDAQ: ATVI) announced strong operating results in its latest earnings report. Sales beat management's forecast again as gamers continued to engage -- and spend cash -- in hit franchises like Call of Duty, World of Warcraft, and Candy Crush.
Yet the stock dropped immediately following the report after the developer delayed a few of its most anticipated new content launches. Is this a classic case of an overreaction by investors focused on the short term?
Let's take a closer look.
Source Fool.com
