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Activision Beats on Earnings, Raises Dividend

Activision Blizzard reported quarterly earnings and revenue that beat analysts' expectations on Thursday, sending its shares higher in trading after the closing bell.

Playing Guitar Hero
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Playing Guitar Hero

The company, which makes videogames such as "World of Warcraft," "Call of Duty" and "Guitar Hero," posted fourth-quarter earnings excluding items of 62 cents per share, up from 53 cents a share in the year-earlier period.

Revenue was $2.4 billion, a 6-percent decrease from $2.55 billion a year ago.

Analysts had expected the company to report earnings excluding items of 56 cents per share on $2.20 billion in revenue.

The company also raised its dividend to 18 cents for the current year from 16.5 cents in 2011.

The stock rose 2 percent in extended-hours trading. (Click here to get after-hour quotes for Activision Blizzard.)

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