New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
06:05 EDTSNESony plans to shift LCD TV business back in-house, DigiTimes reports
Sony may plan to spin off its LCD TV production and cut orders to Taiwan to 300,000 units in 2014, reports DigiTimes. According to industry sources, the plans to shift its outsourcing orders back to in-house production could drop its orders to TPV and Foxconn Electronics. Reference Link
News For SNE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 29, 2014
12:43 EDTSNEAlibaba, Sony discussing co-financing movie deals, Variety Reports
Subscribe for More Information
12:21 EDTSNEElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
October 28, 2014
13:27 EDTSNESony cuts FY smartphone forecast to 40M units, Nikkei reports
Subscribe for More Information
October 27, 2014
06:59 EDTSNE'Ouija' makes $20M debut at weekend box office, WSJ says
Subscribe for More Information
October 24, 2014
10:48 EDTSNESony Pictures likely to end distribution business in South Korea, Variety says
Sony Pictures is expected to close its theatrical distribution business in South Korea, reports Variety. According to sources in the Korean film industry, Sony Pictures Korea will cease operations at the end of this year. Universal Pictures International will then take over distribution duties. Reference Link
05:56 EDTSNESony to launch 12-inch tablet in 1Q15, DigiTimes reports
Sony Mobile will launch a 12-inch tablet in 1Q15, reports DigiTimes. According to Taiwan-based supply chain makers, several other vendors are also developing large-size vendors for launch in Q1 and Q2. The sources pointed out that Sony's 12-inch tablet will feature high-end specifications and come with a stylus. Reference Link
October 23, 2014
07:53 EDTSNEAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
Subscribe for More Information
06:58 EDTSNESony Mobile to amend strategy for releasing flagship models, DigiTimes says
Subscribe for More Information
06:05 EDTSNEApple defeats GPNE civil patent suit, Re/code reports
Subscribe for More Information
October 22, 2014
08:59 EDTSNESony may lower smartphone target for second time this year, Bloomberg says
Subscribe for More Information
October 21, 2014
14:09 EDTSNEThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
07:49 EDTSNESony November volatility elevated into Q2 and investor meeting
Sony November weekly call option implied volatility is at 34, January is at 28, April is at 29; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on October 31 and a company sponsored investor meeting on November 24.
October 19, 2014
18:38 EDTSNESony's ‘Fury’ wins at the box office,'Gone Girl' keeps second place, WSJ says
Subscribe for More Information
October 17, 2014
06:30 EDTSNENPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
Subscribe for More Information
06:26 EDTSNESony says PS4 September's top-selling console
Subscribe for More Information

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