GameStop Pushed Gaming Stocks Higher (GME, ATVI, ERTS, TTWO, GAME)
Gaming Stocks Higher.
(EMAILWIRE.COM, March 18, 2010 ) Dallas, Tx - Most of the Gaming Stocks edged higher after GameStop forecast a rebound in 2010.
GameStop Corp. (NYSE:GME) soared 9.35% to $21.71 after the company said it expects sales of new software to increase 2-5% in the year while used software is seen rising 5-10%. The world's largest stand-alone retailer of video-game software, consoles and accessories, said its fourth-quarter profit was $215.9 million, or $1.29 a share, compared with $232.3 million, or $1.39, in the same period a year ago.
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Revenue rose to $3.52 billion from $3.49 billion a year ago, despite a 7.9 percent decline in comparable store sales.
Analysts were expecting a profit of $1.28 a share on revenue of $3.44 billion.
Other gaming stocks got a boost as well:-
Activision Blizzard, Inc. (NASDAQ:ATVI) surged over 2% to $12.03 on high volume. In the past one year, the stock is up over 25%.
Electronic Arts Inc. (NASDAQ:ERTS) rose 2.50% to $18.59 on high volume. In the past one month, the stock is up over 11%.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) climbed 2.54% to $10.07. In the past one year, the stock is up over 26%.
Shanda Games Limited(ADR) (NASDAQ:GAME) also rose 1.25% to $6.58.
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GameStop Corp. (NYSE:GME) soared 9.35% to $21.71 after the company said it expects sales of new software to increase 2-5% in the year while used software is seen rising 5-10%. The world's largest stand-alone retailer of video-game software, consoles and accessories, said its fourth-quarter profit was $215.9 million, or $1.29 a share, compared with $232.3 million, or $1.39, in the same period a year ago.
You can subscribe to these free daily stock market investment alerts by visiting: http://www.SuperNovaStockPicks.com
Revenue rose to $3.52 billion from $3.49 billion a year ago, despite a 7.9 percent decline in comparable store sales.
Analysts were expecting a profit of $1.28 a share on revenue of $3.44 billion.
Other gaming stocks got a boost as well:-
Activision Blizzard, Inc. (NASDAQ:ATVI) surged over 2% to $12.03 on high volume. In the past one year, the stock is up over 25%.
Electronic Arts Inc. (NASDAQ:ERTS) rose 2.50% to $18.59 on high volume. In the past one month, the stock is up over 11%.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) climbed 2.54% to $10.07. In the past one year, the stock is up over 26%.
Shanda Games Limited(ADR) (NASDAQ:GAME) also rose 1.25% to $6.58.
ABOUT http://www.SuperNovaStockPicks.com
Super Nova Stock Picks is an independent electronic publication providing stock news alerts on top stocks in various sectors. You can take advantage of the information provided on various stocks to make big gains in the stock market. We track various sectors like financial , tech stocks, hot Penny Stocks and more. So far thousands have benefited by our daily stock alerts which keeps investors updated on the latest development in the stock market.
###
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
SuperNova
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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