Tag Archives: bad-request

Game publisher EA beats Q1 views, disappoints on outlook

Video game publisher Electronic Arts (EA) late Thursday easily beat Wall Street estimates for the June quarter, and it raised its guidance for the full year. But EA stock was down 3% in after-hours trading after the earnings release, as the company’s guidance disappointed investors. During the regular session, EA rose a fraction to 72.30. EA shares hit an all-time high of 75.10 on July 21. The Redwood City, Calif.-based company earned 15 cents a share excluding items on sales of $693 million in its fiscal Q1 ended June 30. Analysts polled by Thomson Reuters expected 3 cents and $652 million. On a year-over-year basis, EPS fell 21% and sales dropped 11%.

Comcast BuzzFeed Deal Latest Millennial Content Grab

Comcast’s (CMCSA) NBCUniversal is nearing a deal to invest $250 million in website BuzzFeed as communications companies rush to acquire media content for millennials. Comcast also is interested in upping its minority stake in digital publisher Vox Media, according to reports. Comcast, which acquired media giant NBC Universal in 2011 from (GE), has stepped up talks since (VZ) in June acquired AOL for $4.4 billion. That deal gave Verizon mobile ad

Expedia Shares Fly As Room Night Growth Accelerates

Expedia (EXPE) shares are taking off late Thursday as the online travel agency’s second-quarter results came out ahead of consensus views and said room night growth accelerated year over year. Adjusted earnings fell 13.6% to 89 cents a share, 4 cents above analyst estimates. Revenue grew 11% to $1.662 billion from last year, slightly above forecasts for $1.659 billion. Minus the impact of the strong dollar, revenue rose 25%, said the company. Expedia