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The Zacks Analyst Blog Highlights: Activision Blizzard, Take Two Interactive, Facebook, Electronic Arts and Sony

For Immediate Release

Chicago, IL - February 06, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Activision Blizzard (NASDAQ: ATVI - Free Report ), Take Two Interactive (NASDAQ: TTWO - Free Report ), Facebook (NASDAQ: FB - Free Report ), Electronic Arts (NASDAQ: EA - Free Report ) and Sony Corp (NYSE: SNE - Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday's Analyst Blog:

Videogame Stock Roundup: ATVI, TTWO, FB, EA, SNE

Earnings releases continued to be in focus this week. Apart from earnings, we had Activision Blizzard (NASDAQ: ATVI - Free Report ) launching a full-fledged consumer products division while Take Two Interactive (NASDAQ: TTWO - Free Report ) made a small but strategic acquisition of Social Point. Facebook (NASDAQ: FB - Free Report ) got a reality check as a U.S court asked it to pay $500 million in damages to ZeniMax for copyright infringement.

Recap of the Developments

Earnings:

Electronic Arts (NASDAQ: EA - Free Report ): EA reported third-quarter fiscal 2017 results wherein adjusted earnings per share (including stock based but excluding deferred revenue and other onetime items adjusted for taxes) of $2.45 surpassed the Zacks Consensus Estimate of $2.15. Revenues (including deferred revenues) came in at $2.070 billion.

Per EA, total revenue (on a GAAP basis) came in at $1.149 billion, up 7.4% year over year. Continued increases in digital revenues and strength in mobile games and EA Sports titles like Battlefield 1 and FIFA 17 were the driving factors. At present, EA carries a Zacks Rank #3.

Sony Corp (NYSE: SNE - Free Report ): Sony reported third-quarter fiscal 2016 earnings per share of ¥15.24 (13 cents), down 83.7% from the year-ago period due to a ¥112B ($962 million) write-down in its movie business. In the quarter, Sony's sales and operating revenues were down 7.1% year over year to ¥2,397.5 billion ($20.7 billion) marred by forex volatility.

Seven out of its two segments witnessed revenue declines, thus weighing on the top line. However, sales and operating revenues at the Game & Network Services ("GN&S") segment climbed 5.2% year over year to ¥617.7 billion ($5,325 million). Improvements in PS4 software sales and impressive market traction of the newly launched - PlayStationVR - proved conducive to sales growth. Sony carries a Zacks Rank # 5 (Strong Sell).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Activision Blizzard, Inc (ATVI): Free Stock Analysis Report

Take-Two Interactive Software, Inc. (TTWO): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

Electronic Arts Inc. (EA): Free Stock Analysis Report

Sony Corp Ord (SNE): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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