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.

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Source Fool.com