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Stock Market & Financial Investment News

News Breaks
January 30, 2013
11:11 EDTNTDOY, GMEWii U weakness largely priced into GameStop, says Piper Jaffray
Piper Jaffray notes that Nintendo (NTDOY) this morning announced the sale of 3.06M Wii U consoles through December 2012, but said it expects only an additional 1M units sold for the March quarter. To reflect lower hardware sale assumptions, Piper lowered its FY13 earnings estimate for GameStop (GME) to $3.27 from $3.30. However, the firm believes lower than expected Wii U expectations are largely priced into GameStop shares at current levels. The firm keeps a Neutral rating on the stock.
News For GME;NTDOY From The Last 14 Days
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July 31, 2015
10:42 EDTGMEElectronic Arts drops despite beat and raise results
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July 29, 2015
05:57 EDTNTDOYNintendo backs FY15 3DS Wii U hardware and software targets
05:56 EDTNTDOYNintendo sold 1.62M units of 'Splatoon'
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05:55 EDTNTDOYNintendo reports Q1 operating profit Y1.15B vs. (Y9.47B) last year
Reports Q1 net income Y8.28B vs. (Y9.92B) last year. Reports Q1 sales Y 90.22B vs. Y74.70B last year.
July 26, 2015
17:16 EDTNTDOYChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link

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