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Stock Market & Financial Investment News

News Breaks
February 4, 2014
11:38 EDTEA, GME, ATVI, TTWOTake-Two retreats as analysts remain pessimistic following results
Shares of video game maker Take-Two Interactive (TTWO) are falling despite the fact the company reported stronger than expected results last night. Following the company's report, at least two Wall Street research firms lowered their ratings on its stock, while a number of others were similarly cautious. WHAT'S NEW: Take-Two's third quarter profit and revenue both came in above analysts' consensus estimates, although its fourth quarter profit and revenue guidance was below the consensus outlook. The video game maker, however, raised its full year earnings per share outlook to $4.15-$4.25 from $3.50-$3.75, due to its stronger than expected third quarter results and the effects of its share repurchases in November 2013. Analysts' consensus outlook for the company's full-year EPS was $3.80. ANALYST REACTION: A number of analysts released cautious notes about Take-Two following the company's results. In a note to investors earlier today, Pacific Crest analyst Evan Wilson said he continued to recommend selling the stock. The video game maker probably does not have a major game under development that it plans to release in fiscal 2015, Wilson believes. As a result, he does not expect the company's profitability and cash to hit records levels "for some time." While the company reported strong results due to better than expected sales of its "Grand Theft Auto" game, its net cash balance was much lower than expected, the analyst stated. Consequently, the stock isn't cheap, wrote Wilson. Meanwhile, Brean Capital analyst Todd Mitchell suggested that the company has not indicated how it plans to increase the digital revenue generated by its GTA Online game and has not disclosed its vision for games that will run on the newest video game consoles. Consequently, the company has not assured investors that its cash flow is stable and the stock isn't likely to rise further, the analyst contended. He kept a Hold rating on the shares. Additionally, Wedbush downgraded Take-Two to Neutral from Outperform due to lack of visibility and said investors should be cautious about the company's product pipeline, while Benchmark Co. lowered its rating on the stock to Hold from Buy. OTHERS TO WATCH: Other publicly traded video game makers include Activision Blizzard (ATVI) and Electronic Arts (EA). GameStop (GME) is a retailer of games produced by Take-Two and the others. PRICE ACTION: In late morning trading, Take-Two tumbled $1.80, or 9.5%, to $17.10.
News For TTWO;EA;ATVI;GME From The Last 14 Days
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March 27, 2015
05:54 EDTGMEGameStop downgraded to Neutral from Buy at B. Riley
B. Riley downgraded GameStop to Neutral following the Q4 miss and weak guidance outlook. Price target is $44.
March 26, 2015
19:16 EDTGMEOn The Fly: After Hours Movers
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18:04 EDTGMEGameStop sees FY software growth 4%-6%
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16:50 EDTGMEGameStop down over 4% following weaker than expected Q4 results, guidance
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16:11 EDTGMEGameStop expects to increase Technology Brands store count by 350-550 in FY15
In 2015, GameStop expects to increase its Technology Brands segment store count by approximately 350 -550 stores, while reducing its video game store count by approximately 3% as part of its on-going sales transfer initiative.
16:09 EDTGMEGameStop sees FX having negative impact of $300M-$400M on sales in FY15
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16:08 EDTGMEGameStop sees FY15 CapEx $150M-$170M
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16:08 EDTGMEGameStop sees Q1 SSS growth 2.5%-5.5%
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16:08 EDTGMEGameStop sees FY15 EPS $3.60-$3.80, consensus $4.04
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16:07 EDTGMEGameStop sees Q1 EPS 53c-60c, consensus 66c
Sees Q1 revenue growth -2% to 1%, consensus $2.13B.
16:05 EDTGMEGameStop reports Q4 adjusted EPS $2.15, consensus $2.17
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15:51 EDTGMEGameStop March weekly 39 straddle priced for 10.2% movement into Q4
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15:20 EDTGMENotable companies reporting after market close
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13:19 EDTGMEGameStop technical comments ahead of results
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12:49 EDTGMEGameStop volatility elevated into Q4 and outlook
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06:32 EDTGMEGameStop pre-owned sales may see boost in Thursday earnings release, WSJ says
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March 25, 2015
13:00 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
GameStop March weekly call option implied volatility is at 133, April is at 54, May is at 41, July is at 35; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 26.
March 24, 2015
08:45 EDTGMEGameStop should be bought on any guidance-related weakness, says Oppenheimer
Oppenheimer believes that GameStop's stock may fall when it provides its 2015 guidance after the close on Thursday, as the firm believes that the stronger dollar may weigh on the company's EPS somewhat, while the company may look to issue beatable guidance. The firm says that video game data has been positive recently, while the stock's valuation is "accomodative." It keeps an Outperform rating on the name.
March 20, 2015
07:37 EDTGMEGameStop should be bought if pulls back after Q4 report, says RW Baird
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March 19, 2015
08:43 EDTGMEGameStop March weekly volatility elevated into Q4 and outlook
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