Scalper1 News
Shares of Activision Blizzard (ATVI) and Take-Two Interactive Software were headed in opposite directions Wednesday after the two video game publishers posted June quarter results late Tuesday. Activision stock was up 2.5%, near 23, in afternoon trading on the stock market today. Take-Two Interactive Software (TTWO) stock was down more than 6%, below 21. Both companies beat Wall Street’s targets on the top and bottom lines. But investors were focused on upcoming major game releases. Activision is on track to launch its highly anticipated game “Destiny” on Sept. 9, but Take-Two pushed back the release of its big title “Evolve” to February from October. Take-Two lost 14 cents a share excluding items in the June quarter, compared with a loss of 54 cents in the year-earlier quarter and analyst expectations for a loss of 26 cents a share. Sales rose 5% to $152 million in its fiscal Q1, topping Wall… Scalper1 News
Scalper1 News