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News Breaks
May 14, 2013
13:21 EDTCOOL, ZNGA, THQI, GME, EA, GLUU, ATVI, TTWOTake-Two rises after results beat expectations
Video game maker Take-Two (TTWO) is climbing after the company reported stronger than expected fourth quarter results and issued upbeat long-term guidance. WHAT'S NEW: Take-Two's fourth quarter earnings came in at 38c, versus analysts' consensus estimate of 23c. The company's fourth quarter revenue was also higher than expected. Take-Two's strong results were driven by "robust demand for our groundbreaking new releases, iconic catalog titles and expanding portfolio of digitally delivered offerings," said Take-Two CEO Strauss Zelnick. Zelnick added that he expected the company to become profitable in fiscal year 2015 and "for the foreseeable future." Take-Two's future games will enable it to bring its bottom line into positive territory, Zelnick explained. On a negative note, the company provided guidance for a higher than expected first quarter EPS loss, as well as lower than expected revenue. ANALYST REACTION: In a note to investors earlier today, Sterne Agee analyst Arvind Bhatia raised his price target on the stock to $21 from $17. The stock should continue to rise ahead of the company's release of the next version of its popular Grand Theft Auto game on September 17, the analyst believes. Moreover, investors' confidence should be increased by the company's long-term guidance, contended Bhatia. who kept a Buy rating on the shares. Conversely, Robert W. Baird analyst Colin Sebastian called Take-Two Interactive "an interesting idea" but warned that his outlook on the video game sector remains cautious. Sebastian kept a Neutral rating on the stock, although he did increase his price target to $17 from $13. PRICE ACTION: In mid-afternoon trading, Take-Two rose 55c, or 3.33%, to $16.95. Other video game makers also advanced, with Electronic Arts (EA) rising 2% to $22.17 and Activision Blizzard (ATVI) climbing 2.4% to $15.
News For TTWO;EA;ZNGA;ATVI;GME;COOL;GLUU;THQI From The Last 14 Days
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August 27, 2015
17:38 EDTATVIS&P announces changes to S&P 500 index
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17:36 EDTGMEGameStop to open first dedicated U.S. collectibles store in 2H
GameStop (GME) says plans to open first U.S. ThinkGeek collectibles store in 2H. Says already seeing supply chain and purchasing synergies related to acquisition of Geeknet, "some of which" will positively impact GameStop in current fiscal year. Sees Geeknet becoming profitable in back half of current year. Highlights portfolio of new collectibles in support of Disney's (DIS) new "Star Wars" movie. Regarding plan to shift floor space away from video games to collectibles in GameStop stores, says not a sudden decision, says based on "couple years" of research. Emphasizes that collectibles, or "loot," are "going to be a bigger part of our business."
17:30 EDTATVIActivision Blizzard up 7% to $29.99 after being added to S&P 500
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17:21 EDTGMEGameStop CFO sees expanded Q3 margins
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17:16 EDTATVIActivision Blizzard to replace Pall Corp. in S&P 500 as of 8/28 close
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16:17 EDTGMEGameStop advances $2 to $48.20 after increasing FY15 EPS view
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16:10 EDTGMEGameStop raises FY15 EPS view to $3.66-$3.86 from $3.63-$3.83
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16:09 EDTGMEGameStop sees Q3 EPS 53c-60c, consensus 59c
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16:09 EDTGMEGameStop reports Q2 video game pre-owned sales increased 0.5%
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16:08 EDTGMEGameStop reports Q2 adjusted EPS 31c, consensus 25c
Reports Q2 revenue $1.76B, consensus $1.74B. Global comparable store sales increased 8.1%.
15:03 EDTGMEGameStop August weekly 45.5 straddle priced for 8.3% movement into Q2
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14:58 EDTGMENotable 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).
12:54 EDTGMEGameStop technical notes ahead of earnings
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August 26, 2015
11:30 EDTGMEGameStop August weekly volatility increases into Q2 and outlook
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08:05 EDTGMEGameStop Q2 typically seasonally soft, says Baird
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August 25, 2015
11:03 EDTEAElectronic Arts gets strong early reviews for Madden, says Piper Jaffray
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08:22 EDTGMEGameStop August weekly volatility elevated into Q2 and outlook
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August 20, 2015
08:43 EDTATVIActivision Blizzard management to meet with Pacific Crest
Group luncheon to be held in Chicago on August 20 hosted by Pacific Crest.
August 19, 2015
16:13 EDTATVIASTRO Gaming partners with Activision and Treyarch on Black Ops lll
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August 17, 2015
10:21 EDTTTWOOptions with decreasing implied volatility
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