Santa Monica, Calif. - Video game publisher Activision said on Thursday that it expects to record a charge of $67 million to account for errors in its stock option granting practices from 1994-2006.

The company hopes to complete its internal review and file restated results by the end of May, and said the Nasdaq has granted additional time to regain compliance with its listing requirements.

Separately, Santa Monica, Calif.-based Activision said it expects to report record net revenues of $1.51 billion for its fiscal year ended March 31, compared with $1.47 billion last year and the company's outlook of $1.40 billion.

Activision attributed the results to strong sales of its "Guitar Hero" franchise, as well as "Call of Duty 3," "Marvel: Ultimate Alliance" and "Tony Hawk's Project 8."

Company revenue rose 66% in the fourth quarter.

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