New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 23, 2014
11:04 EDTSNE, MSFT, WMT, GMEGameStop advances after profits beat expectations, outlook backed
Shares of multichannel video game retailer GameStop (GME) are rising this morning after the company reported better than expected first quarter profits and backed its fiscal 2014 guidance. WHAT'S NEW: GameStop reported Q1 earnings per share of 59c, which beat analysts' consensus estimate of 57c, and revenue of $2B, which was relatively in-line with an estimate of $2.03B. Consolidated comparable sales for the quarter increased 5.8%. For the quarter, the new hardware category grew 81.1% from the year-ago period, driven by strong worldwide consumer demand for Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One. The company said total market sales in the U.S. from launch through April of XBox One and PS4 hardware more than doubled the combined sales of Xbox 360 and PlayStation 3 hardware through their first six months of sales. Looking ahead, the company backed its fiscal year 2014 EPS view of $3.40-$3.70. The consensus forecast of analysts for FY14 EPS prior to the report was $3.68. Full year SSS are expected to be up 6%-12%. The company also forecast second quarter EPS of 12c-20c with SSS up 12%-19%. The consensus forecast for Q2 EPS prior to the report was 17c. WHAT'S NOTABLE: On its earnings conference call, GameStop CEO Paul Raines said the company is seeing "stronger" demand for the Xbox One as a result of the console's recent price drop last week, adding that the good news for the company is "we'll sell a lot more units." Also during the call, an analyst asked if GameStop's business has been impacted from Wal-Mart (WMT) recently entering the used game space. Raines said the company has not seen any impact from competitors entering the used game space and commented that "I would encourage you to go do some trades at all of our competitors, because I think all of them are in the trade business. We have a deep knowledge of how execution looks at all of those competitors and we do not have any impact from them." PRICE ACTION: GameStop is trading up $1.85, or about 5%, to $38.74 in mid-morning trading.
News For GME;MSFT;SNE;WMT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
February 19, 2015
08:34 EDTWMTWal-Mart sees Q1 EPS 95c-$1.10, consensus $1.14
Subscribe for More Information
08:34 EDTWMTWal-Mart sees FY16 EPS $4.70-$5.05, consensus $5.19
08:33 EDTWMTWal-Mart reports Q4 underlying EPS $1.61, consensus $1.54
Subscribe for More Information
06:57 EDTSNESony to release high-end audio memory card, WSJ says
Sony will release a high-end, audio-focused memory card next month, reports the Wall Street Journal's Digits blog, citing spokesperson comments. The 64gb micro SD card will sell for $160 in Japan -- which the paper notes is roughly five times the average price for standard 64gb cards -- and produces less electrical noise when reading data. A Sony spokesperson stated, "We arenít that sure about the productís potential demand." Reference Link
05:10 EDTWMTWal-Mart February volatility increases into Q4 and outlook
Subscribe for More Information
February 18, 2015
16:27 EDTMSFTiPass announces Wi-Fi agreement with Microsoft
Subscribe for More Information
15:53 EDTWMTWal-Mart technical comments ahead of results
Subscribe for More Information
15:35 EDTWMTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
14:31 EDTWMTWal-Mart February volatility elevated into Q4 and outlook
Subscribe for More Information
12:55 EDTWMTEarnings Preview: Wal-Mart sees Q4 EPS $1.46-$1.56, U.S. SSS flat to up 1%
Subscribe for More Information
12:30 EDTSNESony upgraded to Buy from Neutral at Nomura
10:18 EDTMSFTInterDigital drops after reportedly lossing appeal in patent case
Shares of InterDigital (IDCC) are moving lower after Bloomberg reported the company lost its bid to revive patent-infringement claims against Microsoft (MSFT) and ZTE Corp. over mobile phone technologies. Shares of InterDigital are down 83c to $50.06.
06:00 EDTSNESony plans to split out Video & Sound unit, others thereafter
Subscribe for More Information
05:58 EDTSNESony sets FY17 ROE target of more than 10%
Sony held its Corporate Strategy Meeting and unveiled a mid-term strategy that charts the path forward for the company over the next three years. Sony said it will position Return on Equity as its primary key performance indicator and has set a target for consolidated ROE of more than 10% and a target for consolidated operating profit of more than 500B yen for the Sony Group in FY2017, the final year of its mid-range corporate plan.
05:57 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
Subscribe for More Information
February 17, 2015
09:19 EDTWMT, GMEDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
09:09 EDTMSFTBox announces Microsoft Office cloud integration
Subscribe for More Information
09:06 EDTMSFTCitrix joins Microsoft Cloud Storage Partner Program
Citrix (CTXS) announced it is an inaugural member of the new Microsoft (MSFT) Cloud Storage Partner Program.
05:52 EDTSNESony to establish alliance to promote Ultra HD technology, DigiTimes reports
Sony (SNE) is planning to form an alliance with 10 companies including Cisco (CSCO) and Rohde & Shwarz to boost IP-based Ultra HD video broadcasts, reports DigiTimes. According to industry sources, the alliance named IP Life Consortium will allow TV stations worldwide to set up Ultra HD infrastructure with lower costs. Reference Link
05:51 EDTMSFTStocks with implied volatility below IV index mean; MSFT QCOM
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use