SAN FRANCISCO, May 15 (Reuters) – Video games publisher THQ
Inc slipped to a loss in its fiscal fourth quarter, as
it struggled with intensifying competition, a weak market and
THQ, which is fighting to avert a stock delisting, has been
losing ground to larger rivals like Activision Blizzard Inc
. After a spell of weak sales, Nasdaq told the company
in January it had until July 23 for its shares to close above $1
for at least 10 straight sessions, or be delisted.
May 10 (Reuters) – GameStop Corp’s same-store sales
plummeted 12.5 percent year on year and earnings dipped in the
first quarter, as the U.S. retail chain struggled with slowing
video game hardware and software sales.
The company, which announced rudimentary earnings ahead of
fuller results to be unveiled May 17, reported earnings of 54
cents a share in the first quarter, compared to 56 cents a year
SAN FRANCISCO (Reuters) – Activision Blizzard Inc raised its earnings outlook on Wednesday and showed investors it was able to bring an end to the exodus of subscribers from its largest Internet game, “World of Warcraft,” that had hurt the company in recent quarters.
Investors closely watch subscriber numbers for “World of Warcraft” because the franchise is the company’s most profitable business and generates a steady stream of recurring revenue from millions of users who pay $15 a month to play it.
(Reuters) – Activision Blizzard Inc (ATVI.O: Quote, Profile, Research) raised its earnings outlook on Wednesday and showed investors it was able to bring an end to the exodus of subscribers from its largest Internet game, “World of Warcraft,” that had hurt the company in recent quarters.
The game maker now expects annual earnings per share of 95 cents on revenue of $4.53 billion, which is below Wall Street’s expectations of 97 cents per share on revenue of $4.57 billion. For the second quarter, it expects EPS of 10 cents per share on revenue of $805 million, which misses analyst estimates of 16 cents per share on revenue of $822.16 million.
May 9 (Reuters) – Activision Blizzard Inc was able
to hold onto subscribers of its most profitable game, “World of
Warcraft,” in the first quarter and the largest video game
publisher in the United States raised its earnings outlook for
The game maker now expects earnings per share of 95 cents
per share on revenue of $4.53 billion, which is below Wall
Street’s expectations of 97 cents per share on revenue of $4.57
SAN FRANCISCO (Reuters) – A Northern California jury on Monday found that Google Inc infringed upon Oracle Corp’s copyrights on the structure of part of the Java software programming language, in a high stakes trial over smartphone technology.
However, the jury failed to decide after days of deliberation whether Google had the right to fair use of that copyrighted structure.
NEW YORK/OAKLAND, California (Reuters) – Occupy Wall Street protesters smashed windows in Seattle, were chased through New York streets by police on scooters, and clashed repeatedly with officers in Oakland on Tuesday in May Day demonstrations intended to revive their movement against economic injustice.
While many events involving thousands of people remained peaceful or even festive and few injuries were reported, dozens were arrested at rallies across the country, including more than 40 in New York during a series of skirmishes throughout the day.
SAN FRANCISCO (Reuters) – Police in riot gear arrested six people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz) annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.
Several of those arrested were handcuffed and taken away in police vans as hundreds more chanted and waved signs outside the meeting in a building across from the bank’s San Francisco headquarters.
OAKLAND, California (Reuters) – A former student accused of killing seven people and wounding three others in a shooting rampage at a small Christian college in Oakland was gunning for a school administrator and classmates he felt had treated him unfairly, police said on Tuesday.
Oakland Police Chief Howard Jordan said 43-year-old One Goh, who had been expelled from Oikos University for “anger management” issues, had been cooperative since being taken into custody after Monday’s shootings but “not particularly remorseful.”
OAKLAND, California (Reuters) – A former student opened fire at a private Christian college in California on Monday, killing at least seven people and wounding three others after telling old classmates: “get in line … I’m going to kill you all.”
A suspect in what was the deadliest U.S. school shooting in five years was arrested at a store several miles away from the scene of the shooting at Oakland’s Oikos University.