New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 4, 2014
11:38 EDTEA, ATVI, GME, 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 29, 2014
10:20 EDTEAHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
09:19 EDTEAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
07:38 EDTEAElectronic Arts Q2 results overshadowed by game delay, says Brean Capital
Subscribe for More Information
07:11 EDTEAElectronic Arts digital growth highlights Q2 results, says RW Baird
Baird noted digital growth was a highlight of Electronic Arts' Q2 results. The firm said the quarter was driven by the combination of an increase in digital content sales and improved cost controls. Baird expects Electronic Arts to continue to improve its operating performance and benefit from solid growth in coming years. Baird raised its price target to $45 from $43 on Electronic Arts and reiterates its Outperform rating on the stock.
06:06 EDTGMEGameStop implied volatility of 52 at upper end of index mean range
October 28, 2014
18:42 EDTEAOn The Fly: After Hours Movers
Subscribe for More Information
16:57 EDTEAElectronic Arts raises FY15 revenue view to $4.175B from $4.1B, consensus $4.16B
16:05 EDTEAElectronic Arts up almost 6% following Q2 results, guidance
16:04 EDTEAElectronic Arts sees Q3 EPS approximately 90c, consensus 86c
Subscribe for More Information
16:03 EDTEAElectronic Arts raises FY15 EPS view to $2.05 from $1.85, consensus $1.92
Raises FY14 revenue view to $4.175B from $4.1B, consensus $4.16B.
16:02 EDTEAElectronic Arts raises FY15 outlook
Subscribe for More Information
16:01 EDTEAElectronic Arts reports Q2 adjusted EPS 73c, consensus 53c
Subscribe for More Information
14:44 EDTATVIActivision Blizzard says Noriega lawsuit dismissed
Subscribe for More Information
11:44 EDTGMEGameStop weakness on Wal-Mart news a buying opportunity, says Piper Jaffray
Piper Jaffray believes the impact of Wal-Mart (WMT) on GameStop's (GME) used business will be immaterial and views today's pullback as a buying opportunity. Piper notes that the entrance of Wal-Mart into any market should not be taken lightly, but other retailers have tried and failed before to enter the used game business and that Wal-Mart's entry actually refutes the bear thesis on GameStop that the used game business is not attractive. The firm maintains its Overweight rating and $53 price target on GameStop.
10:27 EDTGME, ATVIGameStop retreats after Wal-Mart begins selling used video games
Subscribe for More Information
09:08 EDTGMEWal-Mart says 1,700 stores selling pre-owned video games
Subscribe for More Information
October 24, 2014
12:30 EDTGMEGameStop November calls active
Subscribe for More Information
08:52 EDTEAElectronic Arts shares should be bought ahead of results, says Stifel
Subscribe for More Information
October 17, 2014
09:00 EDTGMEGameStop management to meet with SunTrust
Subscribe for More Information
05:39 EDTGME, TTWO, EA, ATVISeptember NPD video game software sales fell 36%, says Piper Jaffray
Subscribe for More Information
1 | 2 | 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