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Activision Blizzard sales miss as ‘Call of Duty’ sees weak demand -Breaking

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© Reuters. FILEPHOTO: Activision’s booth at the E3 2017 Electronic Entertainment Expo was displayed in Los Angeles (California), U.S.A, June 13 2017. REUTERS/ Mike Blake/File Photograph

(Reuters] -Videogame publisher Activision Blizzard Inc. (NASDAQ:), missed first-quarter adjusted sales estimates Monday due to lower demand for “Call of Duty: Vanguard”.

Activision’s financial performance was affected by lower premium sales of Call of Duty: Vanguard and weaker engagement with Call of Duty: Warzone. Gamers are being forced to return to pre-pandemic routines, spending less time at their consoles.

This company is being bought by Microsoft Corp (NASDAQ) is also being criticized for not responding to claims of discrimination and sexual harassment against women employees.

Refinitiv IBES data shows that Santa Monica’s company had adjusted its quarterly sales to $1.48 billion. Analyst estimates were for $1.80 billion.

The quarter’s net income was $395million, or 50c per share. This compares to $619million, which is 79 cents per shared, one year ago.

Activision’s share price was 64 cents, exempting any other items

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