GameStop says EA’s widely anticipated ‘Star Wars’ game is missing already-diminished expectations. But is the retailer missing something?» Read More
The "Fast Money" traders give their final trades of the day.
3. Geometry Dash, RobTop Games AB. 4. Minecraft: Story Mode, Telltale Inc. 7. THE GAME OF LIFE Classic Edition, Electronic Arts.
Nov 23- Electronic Arts Inc has little to fear from retailer GameStop Corp's warning about weak sales for EA's just-released "Star Wars" title, with analysts agreeing it was too early to predict its success or failure. The videogame publisher's shares fell as much as 7 percent on Monday after GameStop said its sales of "Star Wars: Battlefront" were weaker than...
Nov 23- GameStop Corp, the world's largest retailer of video games and related products, reported lower-than-expected quarterly revenue and profit due to a fall in sales of new gaming software and hardware. Some popular videogame titles released in the quarter such as "Destiny: The Taken King," Microsoft Studios' "Halo 5: Guardians" and Ubisoft's "Assassin's Creed:...
Pfizer and Allergan slipped after announcing a deal to combine and create the largest drug company in the world. BIG DEAL: Pfizer, the maker of Viagra and Lipitor, plans to buy the Botox maker Allergan for about $155 billion, mostly in stock. Pfizer will also become based in Ireland as part of the deal, reducing its tax bill.
With the next "Star Wars" film about a month away, Disney should continue to climb, "Fast Money" traders said.
Here is what a well-respected hedge fund, Lone Pine Capital, is buying, according to an investor letter and regulatory filings.
Nov 11- Videogame maker Activision Blizzard Inc said "Call of Duty: Black Ops III" generated more than $550 million in global sales in the first three days after its Friday release, setting the tone for the crucial holiday quarter. On Sony's PlayStation 4 console, "Black Ops III" set a record as the best-selling digital game by units sold on its first day, Activision...
The "Fast Money" traders give their final trades of the week.
Some of the names on the move ahead of the open.
Oct 29- Electronic Arts Inc raised its sales forecast for its highly anticipated videogame "Star Wars: Battlefront" as the company looks to tap into the loyal fan base of the iconic movie franchise. The game is slated to launch globally on Nov. 17, a month before Walt Disney Co releases "Star Wars: The Force Awakens", the latest movie in the franchise that revisits...
Oct 29- Electronic Arts Inc raised its full-year profit and sales forecasts, betting on the highly anticipated launches of "Star Wars: Battlefront" and "Need for Speed" titles. The video game publisher raised its full-year adjusted revenue forecast to $4.50 billion from $4.45 billion, and its adjusted profit forecast to $3.00 from $2.85 per share.
Oct 29- Electronic Arts Inc raised its full-year profit and sales forecasts, betting on the highly anticipated launches of "Star Wars: Battlefront" and "Need for Speed" titles. The video-game publisher raised its full-year adjusted revenue forecast to $4.50 billion from $4.45 billion, and its adjusted profit forecast to $3.00 from $2.85 per share.
*Allergan up after confirming buyout talks with Pfizer. *GoPro, Deutsche Bank fall after results. "What is positive about the GDP number is that it showed that consumers are strong," said Janelle Nelson, portfolio analyst at RBC Wealth Management in Minneapolis.
*Allergan says in buyout talks with Pfizer; shares halted. *GoPro, Deutsche Bank sink after results. Jeffrey Saut, chief investment strategist at Raymond James Financial in Florida, said the biggest surprise in the Fed's statement was the disappearance of the reference to a slowdown in the global economy.
Oct 29- U.S. stock index futures were lower on Thursday, a day after the Federal Reserve revived expectations of an increase in interest rates in December. *The Fed's hawkish tone came as a surprise, prompting an increase in the odds of a December hike to 43 percent from the 38 percent minutes before the release of the statement, according to the CME Group's FedWatch...
U.S. stock futures were under pressure this morning, while some of the Republican presidential candidates were feeling the heat last night.
With a huge set of reports ahead, a few names look set to stand out.
Digital game revenues were boosted in September by higher spending on console games and growth in the mobile space, SuperData Research said.
Wall Street analysts offer their best stock ideas that will benefit from the release of Disney's "Star Wars: The Force Awakens."