Activision, Battling Workplace Controversy, Beats Estimates (1)

Activision Blizzard Inc., the video-game giant currently at the center of controversy over harassment and sexism in the industry, reported quarterly results that beat Wall Street projections and raised its outlook for the year.

The maker of popular games like Call of Duty and World of Warcraft said Tuesday that second-quarter profit excluding some items totaled 91 cents a share. That compared with analysts’ estimates of 75 cents. Adjusted revenue came to $1.92 billion, beating projections of $1.89 billion.

While the results beat estimates, sales edged down from a year ago. The industry is suffering from a hangover after ...