Activision Blizzard Continues Torrid Pace

Activision Blizzard's outlook does not include the approximately $50 million in revenue that was generated between July 1 and July 9 when Activision was a stand-alone company.

For the third quarter, Activision Blizzard expects revenue of $1.85 billion and earnings, excluding charges, of 64 cents a share. Analysts are looking for revenue of $1.58 billion and earnings of 95 cents a share.

Activision Blizzard's larger rival Electronic Arts'(ERTS Quote) posted weak results Tuesday. EA missed analysts' estimates for the first quarter. The news sent its stock down nearly 6.5%.

Video games publisher THQ(THQI Quote) also missed analysts' expectations for the current quarter and fiscal year after it offered lower outlook.