Science & Technology
Science and Technology
Science and Technology
Thu, February 21, 2013 Electronic Arts and Take-Two Under StockCall's Microscope: Multimedia Stocks Look Positive
Electronic Arts and Take-Two Under StockCall's Microscope: Multimedia Stocks Look Positive -- LONDON, February 21, 2013 /PRNewswire/ --
LONDON, February 21, 2013 /PRNewswire/ --
Video game industry saw contraction in demand in the past. However, demand seems to be recovering as major companies posted encouraging results. Impending introduction of new consoles by Microsoft and Sony also helped boost demand for video games. Electronic Arts Inc. (NASDAQ: [ EA ]) narrowed down its losses and reported good sales numbers for its gaming titles. Similarly, Take-Two Interactive Software Inc. (NASDAQ: [ TTWO ]) also announced strong quarterly numbers. The industry shows the signs of revival and is likely to benefit from the proposed changes in Chinese laws about video game consoles. The stocks are performing well and offer good investment venue. StockCall has released full comprehensive research on Electronic Arts and Take-Two Interactive Software and these free technical analyses can be downloaded by signing up at
[ http://www.stockcall.com/technicalanalysis ]
Take-Two Reports Strong Q3 Numbers
Take-Two Interactive augmented its portfolio by taking over WWE series. The series was earlier owned by THQ, which is currently facing bankruptcy. The takeover is expected to be mutually beneficial for Take-Two Interactive Software and WWE. The series already has an established fan-base and will help the company generate new revenue stream. The software company already has similar formats in the form of NBA franchise and thus can integrate the new acquisition easily. NBA franchise is one the biggest earners for the company and its WWE titles are expected to follow suit. Register today and access the free research on Take-Two Interactive Software Inc. at
[ http://www.StockCall.com/TTWO022113.pdf ]
Take-Two announced strong earnings for its third quarter. The company earned net income of 67 cents per share and reported its revenue at $405 million. It was expected to report its net income at 55 cents per share. It expects its full year EPS in the range of 5 cents to 20 cents per share, while its revenue is likely to be in the range of $1.15 billion and $1.2 billion. Its new titles NBA 2K13 and Borderlands 2 are performing well, boosting the company's bottom-line. Take-Two Interactive stock is up 41 percent so far this year.
Electronic Arts Settles with Zynga
Electronic Arts is an industry leader and cemented its position by announcing strong third quarter results. The company narrowed down its quarterly loss to 15 cents per share, down from 62 cents per share in loss for the third quarter of the last year. Its revenue for the quarter stood at $922 million, slightly lower than the figure for the previous year's quarter. For its fourth quarter, the company expects its revenue to be in the range of $1.1 billion and $1.2 billion and the EPS is expected to be in the range of 92 cent per share to $1.12 per share. Free technical analysis on Electronic Arts Inc. available by signing up at
[ http://www.StockCall.com/EA022113.pdf ]
The company also recently settled its dispute with Zynga Inc. over employee poaching and copyrights issues. The settlement was reached out of court and the case was withdrawn. The companies refused to divulge the details of the settlement. Electronic Arts has been attracting institutional as well as insider buying interest. EA's CEO recently bought 31,300 shares of the company at $15.90 a piece. Hedge Fund Third Point also included the stock in its portfolio last quarter. Both are positive signs for the future of the stock. Electronic Arts is up 21 percent so far this year.
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