During a treacherous first-quarter earnings season, positive reactions stand out. Shares of Activision Blizzard (ATVI) shot to a new all-time high Thursday and held gains as investors cheered its Q1 report. The Santa Monica, Calif.-based game publisher reported earnings per share of 16 cents, topping views for 7 cents. Activision Blizzard’s non-GAAP revenue came in at $703 million, breezing past views for $655.4 million.