Liana's Feed
Feb 15, 2011

Sirius XM’s revenue outlook falls short, shares down

NEW YORK, Feb 15 (Reuters) – Sirius XM Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz),
home to programs by Howard Stern and NFL football, reported a
net loss for the fourth quarter and forecast
weaker-than-expected revenue for next year, sending its shares
down 5.5 percent.

The satellite radio company expects full-year revenue to be
about $3 billion, which falls short of Wall Street’s
expectations of full-year revenue of $3.02 billion to $3.1
billion.

Feb 11, 2011

Activision says sharper focus will pay off

NEW YORK (Reuters) – A top executive at Activision Blizzard, the largest video game publisher in the United States, defended the company’s strategy of investing only in a few big hits.

Earlier this week, the company said it was disbanding the unit that makes “Guitar Hero” games and canceling the title “True Crime: Hong Kong.

Feb 10, 2011

Option investors position for gains in GameStop

CHICAGO/NEW YORK (Reuters) – Traders snapped up bullish options in video game retailer GameStop Corp (GME.N: Quote, Profile, Research, Stock Buzz) on Thursday, positioning for gains in the weeks ahead.

GameStop shares rose and its options volume surged on several factors, including renewed takeover speculation and upcoming earnings next month.

Feb 10, 2011

Activision pulls plug on Guitar Hero

NEW YORK (Reuters) – Activision Blizzard Inc’s first-quarter outlook missed Wall Street expectations and it said it would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.

The company forecast revenue of $640 million in the first quarter of 2011 and EPS of 7 cents per share, compared with the $734.70 million analysts were expecting on 10 cents per share for the quarter.

Feb 10, 2011

Activision pulls plug on Guitar Hero music game

NEW YORK (Reuters) – Activision Blizzard said on Wednesday it would it would disband the unit that makes its Guitar Hero games, citing declining popularity for music-themed video games.

The company, whose first-quarter outlook was below Wall Street expectations, said it would disband its Guitar Hero business unit and stop development of the Guitar Hero game for 2011.

Feb 9, 2011

Activision pulls plug on Guitar Hero; shares down

NEW YORK (Reuters) – Activision Blizzard Inc’s first-quarter outlook missed Wall Street expectations and it said it would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.

The company forecast revenue of $640 million in the first quarter of 2011 and EPS of 7 cents per share, compared with the $734.70 million analysts were expecting on 10 cents per share for the quarter.

Feb 9, 2011

Take-Two profit easily beats Street, shares rise

NEW YORK, Feb 8 (Reuters) – Take-Two Interactive Software
Inc’s (TTWO.O: Quote, Profile, Research, Stock Buzz) reported a quarterly profit that significantly
exceeded Wall Street estimates, as its video game “NBA 2K11″
and content that consumers could download sold more than
expected.

Shares rose 3.6 percent in after-hours trading.

This is the first year in nearly a decade the company has
posted a profit without the release of a new version of its hit
franchise, “Grand Theft Auto.” Take-Two struggled with
financial and legal problems as recently as 2007, when current
Chief Executive Strauss Zelnick took over as chairman.

Feb 8, 2011

Take-Two’s third-quarter profit beats Street

NEW YORK (Reuters) – Take-Two Interactive Software Inc’s (TTWO.O: Quote, Profile, Research, Stock Buzz) third-quarter profit beat Wall Street expectations, driven by brisk sales of “NBA 2K11″ and digital content that consumers could download for hit games such as “Red Dead Redemption.”

Shares rose 4.5 percent in light after-hours trading.

It reported adjusted earnings per share of 52 cents, which far surpassed Wall Street average estimates of 34 cents, according to Thomson Reuters I/B/E/S.

Feb 4, 2011

Corning forecasts $10 billion in sales by 2014

NEW YORK (Reuters) – Corning Inc (GLW.N: Quote, Profile, Research, Stock Buzz) said it would boost sales by more than 50 percent by 2014, banking on the popularity of tablets and smartphones to increase demand for its glass, lifting shares by more than 1 percent.

In its display segment, which makes up the bulk of Corning’s profit, the company said on Friday touchscreen devices and liquid crystal display televisions would create demand for an extra 2 billion square feet of LCD glass in the next three years.

Feb 2, 2011

THQ lowers its outlook, shares fall

NEW YORK, Feb 2 (Reuters) – Video game publisher THQ Inc’s
(THQI.O: Quote, Profile, Research, Stock Buzz) revenue fell in the third quarter and the maker of
“WWE SmackDown vs Raw” and “Saints Row” issued a
weaker-than-expected earnings forecast, sending shares down
more than 12 percent.

THQ lowered its earnings outlook for its current, fiscal
fourth quarter to a range of 5 to 15 cents, compared with the
30 to 38 cents that analysts were expecting. The company’s
previous earnings forecast was 35 to 45 cents.