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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:47 EDTSNE, EA, TTWO, MSFT, NTDOY, ATVI, GMEGameStop climbs after Microsoft announces cheaper Xbox
Shares of video game retailer GameStop (GME) are climbing after Microsoft (MSFT) announced that it will offer a cheaper version of its Xbox One video game console. GameStop and video game makers should benefit from the launch of the lower priced Xbox, research firm Robert W. Baird stated. WHAT'S NEW: Earlier today on its corporate blog, Microsoft announced that the company will offer a new version of Xbox One for as little as $399 beginning on June 9. Xbox One is now only available for $499. The cheaper version of the game console will not include Kinect, the company's motion and voice sensing system, Microsoft stated. ANALYST REACTION: In a note to investors earlier, Baird analyst Colin Sebastian predicted that video game sales would rise as a result of Microsoft's decision. Historically, price cuts on video game consoles have caused sales of both the consoles and video games to rise significantly, the analyst reported. GameStop should get a boost from this trend, while sales of Electronic Arts' (EA) Titanfall game could also get a lift from Microsoft's move, Sebastian believes. He kept a $50 price target and Outperform rating on GameStop. PRICE ACTION: In mid-afternoon trading, GameStop rose 2.25% to $37.65, Microsoft advanced 1.7% to $40.35, and Electronic Arts added 0.3% to $35.40. OTHERS TO WATCH: Other publicly traded video game makers include Activision Blizzard (ATVI) and Take-Two (TTWO). Sony (SNE) and Nintendo (NTDOY) offer console gaming systems that compete with Microsoft's Xbox One and Xbox 360.
News For GME;MSFT;EA;ATVI;TTWO;SNE;NTDOY From The Last 14 Days
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April 23, 2015
19:16 EDTMSFTOn The Fly: After Hours Movers
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17:57 EDTMSFTMicrosoft up 3% after reporting better-than-expected Q3 earnings
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16:11 EDTMSFTMicrosoft reports Q3 Commercial revenue grew 5% to $12.8B
Commercial revenue grew 5%, up 7% in constant currency, to $12.8B. Commercial cloud revenue grew 106%, up 111% in constant currency, driven by Office 365, Azure and Dynamics CRM Online, and is now on an annualized revenue run rate of $6.3B. Server products and services revenue grew 12%, up 16% in constant currency, with premium versions of Windows Server, System Center Server and SQL Server together growing 25%.
16:10 EDTMSFTMicrosoft reports Devices and Consumer revenue grew 8% to $9B
Devices and Consumer revenue grew 8%, up 11% in constant currency, to $9B. Office 365 Consumer subscribers increased to over 12.4M, up 35% sequentially. Windows OEM Pro revenue declined 19%, as Pro mix returned to pre-Windows XP end-of-support levels and the business PC market declined. Windows OEM non-Pro revenue declined 26%, primarily due to channel inventory drawdown and ongoing mix shift to opening price point devices. Search advertising revenue grew 21%, up 24% in constant currency, with Bing U.S. market share at 20.1%, up 150 basis points over prior year.
16:08 EDTMSFTMicrosoft says stronger U.S. dollar had 'significant' impact on Q3 results
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16:07 EDTMSFTMicrosoft results include $190M of integration, restructuring expenses
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16:05 EDTMSFTMicrosoft reports Q3 EPS ex-items 62c, consensus 51c
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15:38 EDTMSFTEarnings Watch: Citi says sell Microsoft shares, Wells Fargo sees outperformance
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12:58 EDTMSFTMicrosoft April weekly volatility elevated into Q3 and outlook
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12:47 EDTMSFTMicrosoft technical notes before earnings
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10:26 EDTGMEGameStop management to meet with BB&T
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April 22, 2015
10:01 EDTMSFTEY and Microsoft form strategic business relationship
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08:37 EDTSNESony raises FY revenue view to Y8.21T from Y8T
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08:16 EDTMSFTSeveral companies to benefit from hybrid cloud growth, says Pacific Crest
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05:54 EDTSNEFireEye president: Sony hack 'not an insider,' Re/code reports
FireEye (FEYE) president Kevin Mandia said Code/Enterprise in San Francisco that last year's Sony (SNE) hack was "definitely not an insider," Re/code reports. Mandia believes the Sony hack was "clearly" the work of a government. Reference Link
April 21, 2015
13:34 EDTMSFTEarnings Watch: Yahoo shares dropped more than 6.5% since last earnings report
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07:37 EDTSNE, MSFTMad Catz Interactive extends agreement with Harmonix for Rock Band 4
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07:30 EDTMSFTMicrosoft volatility elevated into Q3 and outlook
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06:04 EDTMSFTYahoo, Microsoft add termination clause to search deal
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April 20, 2015
05:51 EDTMSFTEU calls for 'level playing field' in telecoms market, Financial Times reports
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