If the stock market is a game, Activision Blizzard (NASDAQ: ATVI) shareholders are winning. The stock is up 60% over the past 12 months (18% in just one day last week) compared to the broader market’s 20% boost.
Its most recent quarterly report hit all the right bullish notes. The video game developer’s sales and profit figures raced past management’s expectations, profitability hit a new high, and the company projected surging growth ahead as it cashes in on existing gaming franchises while expanding into lucrative new properties and business models.