Activision shares tumbled after the company posted disappointing earnings and showed signs of trouble ahead.» Read More
The company raised its full-year revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. Take-Two's adjusted income fell to $99.7 million, or 89 cents per share, in the third quarter ended Dec. 31, from $211.6 million, or $1.87 per share, a year earlier. Excluding items, revenue fell...
TOKYO— Nintendo Co. reported a 36 percent drop in quarterly profit on Tuesday after lackluster video game sales for the year-end holiday shopping season. For the nine months from April through December, Nintendo said global sales of the Wii U reached 3.06 million units. The results show Nintendo suffered during the holidays when game sales are usually strong.
Electronic Arts, popularly called EA by gaming aficionados, said adjusted revenue rose to $1.80 billion in the quarter ended Dec. 31.
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We got off to a good start, says David Brandon, Chairman and CEO of Toys R Us, discussing demand for this season's most popular toys.
Damian Thong, senior technology analyst at Macquarie Securities Japan, says Sony's PlayStation is selling almost 90 percent more units than Microsoft's Xbox.