Check out the companies making headlines in midday trading on Friday.
— The video game maker's shares rose over 2% after the company reported fourth-quarter earnings of $1.23 a share, stronger than the $1.19 a share Wall Street expected, according to a Refinitiv survey. Activision also raised its dividend by 11% to 41 cents a share, although its forecast of fiscal year earnings and revenue were below analysts' expectations according to FactSet.
The mobile service provider earned 87 cents per share in the quarter, which topped the consensus estimate of 83 cents.— eBay slumped 3.5% on Friday after NYSE-parent company Intercontinental Exchange announced that it would not continue to explore a possible acquisition of the e-commerce company. The stock had jumped sharply on Tuesday after the potential deal was reported. Shares are still trading above where they closed on Monday.
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