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The Wall Street Journal: Activision blames erroneous headline for stock drop

Dow Jones Newswires prematurely published headlines on Activision Blizzard Inc.’s quarterly earnings ahead of a Thursday afternoon embargo, including an incorrect revenue figure that the company blamed for a significant drop in its stock price.

Activision ATVI, -2.30% shares fell as much as 6% after the headline error but later recovered some of the loss when the company posted record revenue and earnings that beat expectations. Shares closed Thursday down 2.3% at $66.82.

“We regret our error as well as inadvertently breaking the embargo,” Dow Jones said in a statement. “We have issued a correction and are reviewing our processes.

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