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Activision Blizzard's quarterly profit beats on "Call of Duty" strength
August 2, 2018 4:26 PM EDTBy Arjun Panchadar
(Reuters) - Activision Blizzard Inc (NASDAQ: ATVI) topped Wall Street estimates for quarterly profit on Thursday, driven by sales of its blockbuster videogame, "Call of Duty", but forecast current-quarter and full-year revenue below expectations.
The company is slated to release "Call of Duty: Black Ops 4" as well as "World of Warcraft: Battle for Azeroth" and "Destiny 2: Forsaken" in the second half of the year.
"Pre-orders are strong," Activision President Collister Johnson said on a post-earnings call.
The company forecast 2018 adjusted profit of $2.58 per share and... More
