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Stock Market & Financial Investment News

News Breaks
February 4, 2014
11:16 EDTTTWO, FURX, COCO, RHI, LVLTHigh option volume stocks: TTWO FURX COCO RHI LVLT
News For TTWO;FURX;COCO;RHI;LVLT From The Last 14 Days
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October 30, 2014
06:58 EDTCOCORule would close fewer for-profit programs than previous draft, Politico says
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06:20 EDTTTWOTake-Two upgraded to Buy from Hold at Brean Capital
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October 29, 2014
18:59 EDTTTWOOn The Fly: After Hours Movers
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18:01 EDTLVLTLevel 3 set to join S&P 500, Jabil Circuit set to join S&P MidCap 400 as of 11/4
Level 3 Communications (LVLT) will replace Jabil Circuit (JBL) in the S&P 500, and Jabil Circuit will replace TW Telecom (TWTC) in the S&P MidCap 400 after the close of trading on Tuesday, November 4. Level 3 Communications is acquiring TW Telecom in a deal expected to be completed soon pending final conditions. Level 3 Communications operates as a facilities-based provider of a range of integrated communications services. Headquartered in Broomfield, CO, the company will be added to the S&P 500 GICS Alternative Carriers Sub-Industry index. Jabil Circuit provides electronic manufacturing services and solutions. Headquartered in St. Petersburg, FL, the company will be added to the S&P MidCap 400 GICS Electronic Manufacturing Services Sub-Industry index.
17:19 EDTLVLTLevel 3 to replace Jabil Circuit in S&P 500 as of 11/4 close
16:21 EDTTTWOTake-Two sees FY15 EPS $1.05-$1.30, consensus $1.05
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16:20 EDTTTWOTake-Two sees Q3 EPS $1.35-$1.45, consensus $1.21
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16:19 EDTTTWOTake-Two reports Q2 adjusted EPS (44c), consensus (59c)
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14:54 EDTLVLTEarnings Preview: Akamai reports following recent downgrade at Wells Fargo
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12:21 EDTTTWOElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
October 28, 2014
12:01 EDTLVLTtw telecom, Level 3 stockholders approve acquisition
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October 24, 2014
18:05 EDTLVLTFCC clears Level 3's pending acquisition of tw telecom
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October 21, 2014
17:08 EDTRHIRobert Half sees Q4 EPS 57c-62c, consensus 58c
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16:11 EDTRHIRobert Half reports Q3 EPS 63c, consensus 58c
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15:30 EDTRHINotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Yahoo! (YHOO), consensus 30c; ACE (ACE), consensus $2.34; Discover Financial (DFS), consensus $1.34; Pinnacle Financial (PNFP), consensus 51c; Broadcom (BRCM), consensus 84c; Intuitive Surgical (ISRG), consensus $3.80; FMC Technologies (FTI), consensus 74c; Robert Half International (RHI), consensus 58c; E-Trade (ETFC), consensus 22c; Nabors Industries (NBR), consensus 36c; Waste Connections (WCN), consensus 54c; Cubist Pharmaceuticals (CBST), consensus 4c; Sonic (SONC), consensus 34c; American Campus Communities (ACC), consensus 43c; Cree (CREE), consensus 36c; Fulton Financial (FULT), consensus 20c; Costamare (CMRE), consensus 41c; Hawaiian Holdings (HA), consensus 78c; Ethan Allen (ETH), consensus 36c; Sabra Health (SBRA), consensus 55c; Rush Enterprises (RUSHA), consensus 51c.
06:14 EDTLVLTLevel 3 to host special shareholder meeting
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October 17, 2014
05:39 EDTTTWOSeptember NPD video game software sales fell 36%, says Piper Jaffray
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October 16, 2014
17:30 EDTCOCOCorinthian Colleges enters into Forbearance and Consent Agreement
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12:52 EDTLVLTAkamai retreats after Wells cuts rating on traffic trends
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.

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