Activision Blizzard Shoots Past Targets on 'Call of Duty' Sales

Dan Burrows
Updated

Activision Blizzard (ATVI) posted better-than-expected fourth-quarter results, thanks to strong holiday sales of Call of Duty: Modern Warfare 2 -- last year's best-selling video-game title. The Santa Monica, Calif.-based company also initiated a dividend and announced a $1 billion share repurchase program. In after-hours trading, the company's shares were up about 7% to around $10.80.

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