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Stock Market & Financial Investment News

News Breaks
March 14, 2014
06:07 EDTEAElectronic Arts to lay off some employees from PopCap unit, WSJ reports
Electronic Arts is laying off some employees from its PopCap unit in order to focus on its plans for mobile games and Internet gaming services, the Wall Street Journal says. Kotaku, a game blog, estimates the layoffs impacted 30-40 employees. Reference Link
News For EA From The Last 14 Days
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November 18, 2014
07:36 EDTEAUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
05:34 EDTEAElectronic Arts initiated with an Overweight at Barclays
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November 14, 2014
09:05 EDTEANPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
05:52 EDTEAOctober NPD video game software sales fell 27%, says Piper Jaffray
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