New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 26, 2015
10:16 EDTEAElectronic Arts management to meet with UBS
Meetings to be held in Chicago on May 27 and in Toronto on May 28 hosted by UBS.
May 22, 2015
16:41 EDTTTWOStocks end week little changed despite weaker than expected domestic data
Subscribe for More Information
10:09 EDTTTWOOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT BLUE OCR ADRX CRM TTWO YOKU CSC AEO WSM
May 21, 2015
12:03 EDTEAElectronic Arts to reboot 'Need for Speed' franchise with new game
Subscribe for More Information
10:12 EDTTTWOOptions with decreasing implied volatility
Subscribe for More Information
May 20, 2015
06:14 EDTEAElectronic Arts says mobile gaming head Frank Gibeau steps down
Electronic Arts said in a regulatory filing that on May 19, the company announced that Frank Gibeau, EVP, EA Mobile has chosen to transition on from the company. His last day was May 18. CEO Andrew Wilson commented, "Mobile games continue to be a core focus for EA, and thanks to our incredibly talented mobile teams, our position has never been stronger. With a foundation of key titles, core strength in live services that provide years of entertainment, and new games that are bringing in more players, engagement across the EA Mobile portfolio continues to grow. Our studio teams have new experiences in development for some of EAs biggest franchises, powerful new IP like The Minions and Star Wars, and more creative concepts at early stages in the testing process. As the mobile gaming audience continues its rapid expansion, EA has a tremendous opportunity to deliver amazing entertainment to more players around the world."
May 19, 2015
16:23 EDTTTWOOn The Fly: Top stock stories for Tuesday
Subscribe for More Information
12:25 EDTTTWOOn The Fly: Top stock stories at midday
Subscribe for More Information
11:49 EDTATVI, EA, TTWOTake-Two surges after GTA maker's profit tops estimates
Subscribe for More Information
09:58 EDTTTWOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
09:40 EDTTTWOTake-Two upgraded on positive catalysts at Sterne Agee CRT
Subscribe for More Information
09:22 EDTTTWOOn The Fly: Pre-market Movers
Subscribe for More Information
07:41 EDTTTWOTake-Two guidance looks conservative, says Brean Capital
Subscribe for More Information
06:56 EDTTTWOTake-Two upgraded to Buy from Neutral at Sterne Agee CRT
Subscribe for More Information
May 18, 2015
19:12 EDTTTWOOn The Fly: After Hours Movers
Subscribe for More Information
16:54 EDTTTWOTake-Two up 5.9% after reporting Q4 results
Subscribe for More Information
16:16 EDTTTWOTake-Two to resume trading at 4:25 pm ET
Subscribe for More Information
16:06 EDTTTWOTake-Two reports Q4 EPS 49c, consensus 27c
Reports Q4 GAAP revenue $300.1M, may not compare to consensus $458.94M. Reports Q4 Non-GAAP net revenue $427.7M.
15:00 EDTTTWONotable companies reporting after market close
Subscribe for More Information
14:11 EDTTTWOTake-Two technical notes before earnings
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