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Stock Market & Financial Investment News

News Breaks
July 31, 2012
08:06 EDTSNE, OVTINeedham cuts OmniVision estimates after Sony keeps Apple position
Needham said that its channel checks indicate Sony (SNE) has retained its position at Apple (AAPL), supplying the 8MP back-camera sensor for the upcoming iPhone 5. The firm believes OmniVision (OVTI) is supplying the 1.3 MP front-sensors, plus an extra pixel for image. Since Needham had expected Apple would dual-source the 8MP sensor socket between OmniVision and Sony, it lowered its estimates for OmniVision following its channel checks. The firm dropped its price target for shares to $18 from $24, but keeps a Buy rating on the name.
News For OVTI;SNE From The Last 14 Days
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September 3, 2015
14:28 EDTSNEApple launches Twitter account dedicated to video games
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06:41 EDTSNESony reaches settlement with former workers on data breach suit, AP reports
Former Sony Pictures Entertainment employees who had personal information posted online a year ago after a massive data breach reached a settlement in a proposed class action suit, the Associated Press reports, citing the employees' attorneys in a filing. The filing provides no details of the terms of the settlement nor how many people would be covered under it, the report says. Reference Link
September 1, 2015
05:49 EDTSNESony Mobile Taiwan look to acquire 20% market share of wearables, DigiTimes says
Sony Mobile Taiwan is looking to acquire 20% market share for new wearable devices, reports DigiTimes. Sony Mobile Taiwan general manager Jonathan Lin said the company will treat Internet of Things and smart wearable device as the future development focus. Reference Link
August 31, 2015
20:04 EDTSNENext Apple TV device to feature deep support for gaming, 9to5Mac says
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August 30, 2015
17:13 EDTSNE'Compton' leads again as 'We Are Your Friends' stumbles at box office
Hip hop biopic "Straight Outta Compton" continued its domestic box office dominance while Christian drama "War Room" outpaced analyst estimates and electronic dance flick "We Are Your Friends" fizzled. U.S. WEEKEND LEADER: Comcast (CMCSA, CMCSK) subsidiary Universal's "Straight Outta Compton" grossed $13.2M domestically for the weekend of August 30, securing the top box office spot for a third consecutive week. In a record-breaking performance for musical biopics, the gangster rap film has earned $134.1M in the U.S. since opening earlier this month. Though Warner Bros.' (TWX) "We Are Your Friends" was predicted to challenge "Compton" with sales ranging $8M-$10M, the Zac Efron-led electronic music film flopped at just $1.8M. BOX OFFICE RUNNERS-UP: Produced with an estimated budget of $3M, Sony's (SNE) faith-based drama "War Room" debuted at $11M against expectations for $5M-$8.5M after leading in advance ticket sales. Viacom (VIA, VIAB) subsidiary Paramount's "Mission: Impossible Rogue Nation" relinquished its grip on second place with an $8.3M gross for the weekend, while Weinstein Company's action thriller "No Escape" opened in fourth place at $8.29M. "Sinister 2" from Comcast subsidiary Focus Features rounded out this weekend's Top 5 at $4.7M.
August 28, 2015
11:16 EDTSNEBattleground: Benchmark says sell GameStop, Piper says bears misguided
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10:43 EDTSNEFly Watch: 'Straight Outta Compton' expected to lead box office for third week
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07:43 EDTSNEGameStop bear thesis not playing out, says Piper Jaffray
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August 27, 2015
18:52 EDTOVTIOn The Fly: After Hours Movers
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16:23 EDTOVTIOmniVision reports Q1 GAAP gross margin 22.6%
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16:22 EDTOVTIOmniVision sees Q2 adjusted EPS 25c-40c, consensus 45c
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16:21 EDTOVTIOmniVision reports Q1 adjusted EPS 46c, consensus 39c
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14:58 EDTOVTINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Autodesk (ADSK), consensus 17c... ULTA Beauty (ULTA), consensus $1.12... Splunk (SPLK), consensus 2c... GameStop (GME), consensus 25c... Veeva (VEEV), consensus 11c... OmniVision (OVTI), consensus 39c... Aeropostale (ARO), consensus (55c).
August 25, 2015
14:43 EDTOVTIOmniVision volatility elevated into Q1 and outlook
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August 21, 2015
06:01 EDTSNEABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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