GameStop (GME) shares are trading modestly lower after the video game retailer’s financial report for the fiscal third quarter ended October 30.
For the quarter, GME this morning reported revenue of $1.9 billion and adjusted profits of 38 cents a share; the Street has been projecting $1.95 billion and 37 cents. [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Activision Blizzard (ATVI) shares are trading slightly higher after hour on Q3 results that are nicely ahead of both the company’s previous guidance and Street expectations.
For the quarter, the video game company posted revenue of $745 million on a GAAP basis and $857 million non-GAAP; guidance had been for $600 [...]
Article courtesy of BARRONS.com: Tech Trader Daily
THQ (THQI) shares are trading modestly lower following the company’s financial report for its fiscal second quarter ended September 30.
For the quarter, the video game publisher posted revenue of $77.1 million, ahead of the Street consensus at $67 million; the company lost 60 cents a share on a non-GAAP basis, [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Standard & Poor’s analyst Jim Yin today raised his rating on Take-Two Interactive (TTWO) to Hold from Sell, while keeping his price target at $10. Yin writes that the move is based on valuation.
“Although we are cautious on the video game industry, as software sales continue to decline, we [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Hewlett-Packard (HPQ) unit Snapfish today said it agreed to acquire “the video technology platform” from Motionbox Inc., a New York-based video sharing site with over 2.8 million members. Snapfish will integrate Motionbox into its own site.
Terms of the deal were not disclosed.
HP said the existing Motionbox.com web site will operate [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Blockbuster (BBI) CEO Jim Keyes said in a statement that the company has enough liquidity to get through 2010.
Keyes made the comments in a release related to the video store chain’s latest 10-Q, filed this afternoon with the SEC. Here’s the text of the statement:
“The operating environment continues to be [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Oh, my, is the video game sector hurting.
According to new data from NPD Group, U.S. video game sales in April totaled just $766.2 million, down 26% from a year ago, and off nearly 50% from $1.52 billion in March. Hardware sales were down 37% from a year ago; software sales [...]
Article courtesy of BARRONS.com: Tech Trader Daily
I’m so 3008
You so 2000 and late
I got that boom boom boom
That future boom boom boom
Let me get it now
Research In Motion (RIMM) gave analysts a sneak preview of the BlackBerry 6 software yesterday, and now you can see it for yourself; the video comes accompanied by the Black Eyed [...]
Article courtesy of BARRONS.com: Tech Trader Daily
THQ (THQI) shares are sharply higher this morning after Cowen analyst Doug Creutz upped his rating on the video game publisher’s stock to Outperform from Neutral.
He gave two reasons for the revised stance:
Creutz notes that the stock trades at just 7x his FY 2012 estimate of 63 cents a share, and it has more than $2 a share in net cash.
THQI is up 68 cents, or 10.7%, to $7.03.
Article courtesy of BARRONS.com: Tech Trader Daily
Investor Carl Icahn has increased his stake in Take-Two Interactive (TTWO) to 13.7%, from 12.2%, according to an amended 13-D filing with the SEC.
In January, the video game company agreed to give Icahn three board seats.
TTWO today is up 27 cents, or 2.7%, to $10.29.
Article courtesy of BARRONS.com: Tech Trader Daily