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Stock Market & Financial Investment News

News Breaks
May 13, 2014
15:23 EDTFOSL, URS, TTWO, HTHT, RVNCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Fossil Group (FOSL), consensus $1.17; URS Corporation (URS), consensus 68c; Take-Two (TTWO), consensus 10c; China Lodging (HTHT), consensus (31c); Revance Therapeutics (RVNC), consensus (87c).
News For FOSL;URS;TTWO;HTHT;RVNC From The Last 14 Days
Check below for free stories on FOSL;URS;TTWO;HTHT;RVNC the last two weeks.
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August 29, 2014
12:49 EDTTTWOStocks with increasing volume options volume
Stocks with increasing volume options volume: OXY HD RSH UTHR IRF TTWO CONN
12:00 EDTTTWOTake-Two rises after speculated as potential Activision target
Shares of video game maker Take-Two (TTWO) are rising after an analyst speculated that it could be acquired by another company in the space, Actvision Blizzard (ATVI). WHAT'S NEW: Dan Houser. the co-founder of key Take-Two division Rockstar Games, appears to be quite fond of Hollywood and Los Angeles, as many of Rockstar's games involve that genre, Benchmark analyst Mike Hickey wrote in a note to investors today. Additionally, there is speculation that Take-Two Interactive could be considering a movie based on Rockstar's hit Grand Theft Auto game, according to the analyst, who adds that Rockstar would control the development of the movie. Activision is based near Los Angeles and it may be in the process of entering the movie business, according to Hickey. Activision's possible foray into movies could stem partly from the larger company being interested in Take-Two, Hickey contended. Such an acquisition would be a "no-brainer" for Activision, given Take-Two's strong development talent and intellectual property, along with its nearly $1B in cash and attractive valuation, the analyst stated. He kept Buy ratings on both stocks. PRICE ACTION: In late morning trading, Take-Two rallied 4% to $23.39 and Activision advanced 0.4% to $23.44.
11:29 EDTTTWOTake-Two calls active, could be Activision takeover target, says Benchmark Co.
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11:21 EDTTTWOTake-Two could be Activision takeover target, says Benchmark Co.
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August 26, 2014
11:31 EDTFOSLMovado tumbles after second quarter results, outlook miss estimates
Shares of luxury watch maker Movado (MOV) are falling after the company's second quarter results and fiscal 2015 outlook missed analysts' consensus estimates. WHAT'S NEW: This morning, Movado reported Q2 adjusted earnings per share of 44c and revenue of $143.6M, missing analysts' consensus estimates of 54c and $152.99M, respectively. Q2 gross profit was 54% of sales, compared to 54.1% of sales, in the prior year period. Gross margin percentage remained relatively flat as a result of the unfavorable impact of changes in foreign currency exchange rates, offset by the leverage gained on certain fixed costs due to increased sales. WHAT'S NOTABLE: Movado forecast FY15 EPS of $2.44, slightly short of the consensus of $2.46. FY15 revenue was seen at $640M, compared to consensus of $640.17M, while FY15 gross margin is expected to be approximately flat, year over year. Efraim Grinberg, Chairman and CEO, stated , "We anticipate our sales growth to accelerate during the second half of the year, as strong sell-through rates at retail are expected to drive new shipments and replenishment growth and we continue to benefit from the expansion of our Movado and licensed brands around the world. We will also continue to invest in our infrastructure and growth initiatives, including investments in Asia and Latin America. We continue to believe that our strategies have us positioned to achieve our goal of delivering sustainable profitable growth." PRICE ACTION: In late morning trading, Movado fell $3.08, or about 7%, to $40.96 on heavy trading volume. Despite today's pull back, the stock is up almost 8% over the past 12 months. OTHERS TO WATCH: Movado's peer, Fossil Group (FOSL), is up 0.2% on the session.
August 25, 2014
08:01 EDTTTWO2K says WWE SuperCard exceeds 1.5M downloads in first week
2K (TTWO) announced the larger-than-life, action-packed collectible card game, WWE (WWE) SuperCard, was downloaded more than 1.5 million times during its first week of release.
August 22, 2014
11:59 EDTTTWOGameStop surges after Q2 EPS, revenue beat expectations
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