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Stock Market & Financial Investment News

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January 27, 2014
09:14 EDTTTWOTake-Two should report stronger than expected Q3 results, says Sterne Agee
Sterne Agee increased its estimates for Take-Two's December quarter, citing additional GTA V revenue and the shares repurchased from Carl Icahn. The firm thinks that GTA Online can generate $100M in annual revenue and provide a catalyst for the stock. It keeps a $24 price target and Buy rating on the shares.
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July 18, 2014
07:22 EDTTTWOTotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTTTWOJune NPD video game software sales fell 3%, says Piper Jaffray
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