Videogame maker Activision's second-quarter forecast misses, shares fall

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Videogame maker Activision's second-quarter forecast misses, shares fallActivision has labeled 2019 a 'transition year', cutting 800 jobs and focusing on investing more in developing its game franchises 'Call of Duty', 'Candy Crush', 'Overwatch', 'Warcraft', 'Hearthstone' and 'Diablo'. Activision had previously said it expects materially lower financial performance from its Blizzard segment this year as 2018 benefited from the release of 'World of Warcraft: Battle for Azeroth', with the company also not planning a major frontline release for Blizzard in 2019. Activision also reaffirmed its full-year guidance for adjusted profit of $2.10 per share and revenue of $6.30 billion.


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