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 ).
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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
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 .
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