Activision forecasts fourth-quarter adjusted sales below expectations

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The Activision booth is shown astatine the E3 2017 Electronic Entertainment Expo successful Los Angeles, California, U.S. June 13, 2017. REUTERS/Mike Blake

Nov 2 (Reuters) - Activision Blizzard Inc (ATVI.O) connected Tuesday forecast its adjusted income for the fourth-quarter beneath marketplace expectations, arsenic request for its fashionable franchises "Call of Duty" and "Candy Crush" fails to prime up gait aft an easing of pandemic-related curbs.

Total monthly progressive users successful the 3rd 4th came successful astatine 390 cardinal and was successful enactment with a twelvemonth earlier arsenic the institution faces a stiff contention from rivals Electronic Arts Inc (EA.O) and Take-Two (TTWO.O).

The company, which is each acceptable to motorboat its caller "Call of Duty" rubric and has a beardown pipeline that includes titles similar "Overwatch 2" and "Diablo Immortal", said it expects fourth-quarter adjusted income to beryllium $2.78 billion.

Analysts were expecting it to beryllium $2.93 billion, according to Refinitiv data.

The Santa Monica, California-based company's adjusted income for the 3rd 4th was $1.88 billion, successful enactment with Wall Street's expectations.

Last month, Chief Executive Bobby Kotick had asked the company's committee to trim his full compensation until its gender-related goals arsenic Activision battles claims implicit intersexual harassment and favoritism astatine its workplace. work much

Reporting by Tiyashi Datta successful Bengaluru; Editing by Arun Koyyur

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