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Stock Market & Financial Investment News

News Breaks
August 22, 2014
11:59 EDTATVI, EA, MSFT, NTDOY, GME, TTWO, SNEGameStop surges after Q2 EPS, revenue beat expectations
Shares of video game retailer GameStop (GME) are surging after the company reported second quarter earnings per share and revenue that surpassed analysts' consensus. WHAT'S NEW: GameStop's Q2 EPS was 22c, higher than analysts' 18c consensus. The retailer's Q2 revenue was $1.73B, which was better than analysts' consensus of $1.63B. GameStop's Q2 same-store-sales were up 21.9%. During the quarter, new hardware sales increased 124.8%, as worldwide demand for Microsoft’s (MSF) Xbox One and Sony’s (SNE) PlayStation 4 remained very high. New software sales grew 15.6% driven by the strong performance of recently released new titles, such as Ubisoft’s Watch Dogs and Nintendo’s (NTDOY) Mario Kart 8. GameStop anticipates Q3 EPS in the range of 58c-64c, which is in-line with analysts' 59c consensus. The company sees Q2 SSS to be up 1%-5%. The retailer anticipates FY14 EPS to be in the range of $3.40-$3.70, which falls in-line with analysts' consensus of $3.68 GameStop foresees FY14 SSS to be up 6%-12%. ANALYST OPINION: R.W. Baird raised its price target on GameStop to $52 from $50 after the company reported Q2 results "above expectations" which were prompted by strong demand for hardware, growing software sales, and increasing digital receipts. Baird said that advantages exist in the retailer's "technology brand" which remains on schedule for 300-400 openings for the year. Baird kept an Outperform rating on GameStop. Piper Jaffray feels that GameStop's guidance for the year could be "conservative" in the second half as SSS expectations look to be low in the midst of a quicker than anticipated uptake of next generation consoles along with strong software attach rates. Piper feels that the video game industry as a whole is still working through a console transition "air pocket," but still, noted that it foresees the optics of the video game market will get better in the second half when software sales become positive. The firm increased its price target on the stock to $53 from $52 while maintaining its Overweight rating. PRICE ACTION: In late-morning trading, GameStop climbed $2.43, or 6%, to $42.92. OTHERS TO WATCH: Publicly traded video game makers include Electronic Arts (EA), Take-Two Interactive (TTWO), and Activision Blizzard (ATVI).
News For GME;MSFT;SNE;NTDOY;EA;TTWO;ATVI From The Last 14 Days
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December 11, 2014
16:20 EDTMSFTMicrosoft to now accept bitcoin
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13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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December 10, 2014
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
December 9, 2014
10:36 EDTTTWOTake-Two CEO says Black Friday was good for industry, no need for discounting
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07:22 EDTTTWOBMO Capital to hold a conference
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06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
18:19 EDTSNESony hacker releases additional private data, issues threat, Re/code says
Guardians of Peace, the hacker group claiming responsibility for the attack against Sony Pictures Entertainment, released an additional trove of private data and issued threats against the studio, according to Re/code. Reference Link
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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09:21 EDTSNESony Pictures called the cyberattack 'unprecedented in nature', Re/code reports
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06:24 EDTSNENorth Korea denies role in recent Sony hacking, WSJ reports
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06:17 EDTSNESony PlayStation store may have suffered possible cyberattack, AP reports
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