Activision’s ‘Overwatch’ fuels revenue beat; forecasts raised

May 4, 2017 (Reuters) – Activision Blizzard Inc raised its full-year adjusted profit and revenue forecasts, and reported quarterly revenue above estimates, as the videogame publisher benefited from the popularity of its “Overwatch” game. The company on Thursday nudged up its full-year adjusted profit to $1.88 per share from $1.85 and its adjusted revenue forecast to $6.33 billion from $6.30 billion. Activision’s total adjusted revenue rose 31.7 percent to $1.20 billion in the first quarter ended March 31, from $908 million a year earlier. Analysts on average had expected revenue…

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