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Stock Market & Financial Investment News

News Breaks
May 14, 2013
13:21 EDTGLUU, ATVI, TTWO, COOL, ZNGA, THQI, GME, EATake-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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March 6, 2015
06:12 EDTEAElectronic Arts to close Emeryville Maxis office, WSJ reports
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March 5, 2015
13:17 EDTZNGAZynga says will address China market through partnerships
13:12 EDTZNGAZynga CEO says company has strong balance sheet and effectively no debt
13:10 EDTZNGAZynga sees mobile increasing to 75% of sales in 2015
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07:43 EDTZNGAMorgan Stanley to hold a conference
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March 3, 2015
17:16 EDTGMEGameStop raises annual cash dividend 9% to $1.44 from $1.32 per share
GameStop announced that its Board of Directors approved a 9% increase of its regular annual cash dividend from $1.32 to $1.44 per share. The regular quarterly dividend of 36c per share will be payable on March 24 to all shareholders of record as of March 17.
15:57 EDTGMEBofA/Merrill retail analysts hold an analyst/industry conference call
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February 27, 2015
06:46 EDTGMEGameStop bids on 163 RadioShack stores, Reuters says
GameStop (GME) bid for 163 RadioShack (RSHCQ) store leases at $15,000 per lease in a Wednesday auction, reports Reuters, citing bankruptcy court filings and spokesperson statements. GameStop has roughly two months to decide whether it will take on the leases or terminate them, and a spokesperson said the locations -- if awarded -- would "primarily be used to expand... Spring Mobile, which is an exclusive AT&T (T) dealer." Reference Link
February 26, 2015
16:00 EDTZNGAOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
10:42 EDTGMEGameStop wins bid for 150 RadioShack stores, says BofA/Merrill
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February 25, 2015
13:02 EDTGMERadioShack delays sale of stores, GameStop expresses interest, Reuters says
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February 23, 2015
06:21 EDTZNGAFacebook's shuttle drivers approve new union contract, WSJ reports
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February 20, 2015
13:08 EDTTTWOTake-Two management to meet with MKM Partners
Meeting to be held in New York on February 27 hosted by MKM Partners.

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