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GameStop Analysts Weigh In Following Mixed Q1, Concerning Outlook
Monday, March 28, 2016 - 1:43pm | 679Read More...GameStop Corp. (NYSE: GME) shares slipped as much as 6 percent Monday after it reported mixed quarterly results and a disappointing outlook. However, the shares recouped some of its losses. "While the specialty retailer beat EPS estimates by $0.15 at $2.40, they missed on revenue and provided poor...
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Groupon Plans To Slash 10% Of Employees, Leave Seven Countries
Tuesday, September 22, 2015 - 4:55pm | 320Read More...Shares of Groupon Inc (NASDAQ: GRPN) fell 2.16 percent on Tuesday. The decline seems to have been triggered by the announcement that the company will cut almost 10 percent of its workforce. The firing of 1,100 employees is part of a restructuring plan for its international operations....
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E3 2015: What Investors Should Know
Monday, June 15, 2015 - 4:15pm | 360Read More...E3 (Electronic Entertainment Expo) is the largest annual video game expo in the world, and will take place between Tuesday and Thursday in Los Angeles. Ahead of the kickoff, Sterne Agee CRT analysts Arvind Bhatia and Brett Strauser provide a bird’s eye view of what to expect from the event...
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Analysts Divided On Groupon CFO Departure
Thursday, June 4, 2015 - 12:00pm | 381Read More...Groupon Inc (NASDAQ: GRPN)'s shares were hammered by recent news of its chief financial officer's resignation, but several analysts were divided on the company's prospects Thursday. Groupon shares are off about 5 percent in the past five trading days and changed hands recently...
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A Look At Activision's New eSports Revenue Play
Friday, May 15, 2015 - 2:33pm | 598Read More..."League of Legends" and the "Defense of the Ancients" games have long-dominated the Multiplayer Online Battle Arena (MOBA) genre of electronic sports. These games combined for just over $1 billion from January to September 2014, according to SuperData Research via Venture Beat...
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Is The Force With Electronic Arts?
Monday, May 4, 2015 - 3:04pm | 332Read More...In a report published this morning, Credit Suisse Analyst analyst Stephen Ju stressed that the main highlight of the upcoming Q4 earnings results for Electronic Arts Inc. (NASDAQ: EA) were not a top or bottom line figure necessarily. Instead, Ju prioritized his focus on the 2016 guidance that...
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Sterne Agee: Video Games A 'Bright Spot' Over Thanksgiving Weekend
Tuesday, December 2, 2014 - 10:30am | 209Read More...According to Arvind Bhatia of Sterne Agee, video game sales remained a "bright spot" during Thanksgiving weekend based on the analyst's checks. Bhatia notes that Black Friday traffic at GameStop Corp. (NYSE: GME) may have been lower this year compared to last year, but this doesn...
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GameStop's Outlook May Be 'Conservative'
Friday, November 21, 2014 - 6:01pm | 248Read More...GameStop Corp. (NYSE: GME) extended its losses Friday on a weak third-quarter earnings report and outlook, while an analyst pointed to online computer game sales as a long-term threat. GameStop closed Friday at $37.86, down 13 percent. The company "is at the center of the gaming...
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GameStop Q3 Earnings Preview
Wednesday, November 19, 2014 - 5:56pm | 324Read More...GameStop Corp. (NYSE: GME) will announce Q3 earnings Thursday. Consensus estimates were for EPS of $0.61 on revenue of $2.2 billion. Wedbush analyst Michael Pachter “expected Q3 results at the high-end of guidance. Our estimates are for revenue of $2.28 billion, comps of up 5 percent,...
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Sterne Agee Remains Bullish On Activision Blizzard Following Earnings
Wednesday, November 5, 2014 - 12:10pm | 128Read More...On Wednesday, analysts at Sterne Agee commented on Activision Blizzard, Inc. (NASDAQ: ATVI) following third quarter financial results. For the third quarter 2014 the company reported EPS of $0.23 per share on revenue of $1.17 billion, beating top and bottom line estimates convincingly. Moreover...
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UPDATE: Sterne Agee Initiates Coverage On Yelp On Long-Term Prospects
Friday, October 10, 2014 - 7:25am | 184Read More...Sterne Agee initiated coverage of Yelp, Inc. (NYSE: YELP) in a report issued Thursday with a Buy rating and $85 price target. Analysts Arvind Bhatia and Brett Strauser were “bullish on Yelp’s longer-term prospects and its positioning vis-à-vis many of its competitors....
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Facebook's Inspiration Is Another Social Network's Innovation
Sunday, August 3, 2014 - 11:10am | 239Read More...Facebook (NASDAQ: FB) announced a handful of new apps and features last month, bringing a piece of Twitter, Amazon and Snapchat to the world's largest social network. "I would say Facebook is becoming more like Twitter through these kinds of innovations, rather than Twitter becoming...
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Facebook's New Snapchat Feature
Thursday, July 31, 2014 - 1:11pm | 544Read More...After failing to acquire Snapchat for $3 billion, Facebook (NASDAQ: FB) decided to compete head-on with its own set of features. The company started by launching Slingshot, a Snapchat-style image/messaging app that requires users to send back an image before they can open one they've...
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LinkedIn, Down 17% Year To Date, May Offer Stronger 2H Outlook
Tuesday, July 29, 2014 - 11:16am | 317Read More...LinkedIn (NYSE: LNKD) shares are down 17.5 percent year to date and when the company posts results Thursday, investors will look for signs of a slow-down in revenue growth as well as how markets in Asia are shaping up. CEO Jeffrey Weiner wants to see membership grow to more than 300 million....
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Facebook Hopes To Increase Engagement With 'Save' Bookmark Feature
Wednesday, July 23, 2014 - 12:18pm | 649Read More...Facebook (NASDAQ: FB) hopes that it can increase engagement among its 1.2 billion users by allowing them to save content for a later date. The social networking giant has made several announcements this month, starting with Mentions and a Buy button. Now the company has unveiled a save feature...
