Activision Blizzard Inc (ATVI)

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Activision Blizzard Inc. on Wednesday reported better-than-expected second-quarter earnings, driven by sales of its latest "Transformers" and "X-Men" game titles, but provided a mixed outlook for the rest of the year as the company said it would push two of its planned new releases into 2010.

Activision said Wednesday it earned $195 million, or 15 cents per share, in the three months ended June 30. Adjusted earnings were 8 cents per share, slightly above the 7 cents per share that analysts polled by Thomson Reuters were expecting.