Chinese gaming and music company YY (YY) trampled Wall Street’s Q4 sales forecast as revenue from the firm’s online music and entertainment division jumped 217%, sending the stock higher late Tuesday. YY reported sales up 136% to $101.1 million from $42.8 million in the year-earlier quarter. That topped Wall Street’s consensus view of $84.5 million, according to analysts polled by Thomson Reuters. It also ended a four-quarter string of
The acquisition of MakerBot helped Stratasys exceed Wall Street Q4 expectations early Monday, but the company continues to spend heavily and Stratasys stock fell 2.5% on a down day for the overall market. The report by the maker of 3D printers followed that of rival 3D Systems (DDD), which posted Q4 results on Friday that were generally in line with consensus estimates. Stratasys (SSYS) said revenue more than doubled to $155.8 million from $71.2
After losing Time Warner Cable to Comcast, the question is whether Charter Communications and John Malone still have an M&A road map for the cable industry. Charter (CHTR) stock has slipped 9% since Comcast (CMCSA) announced on Feb. 13 it had agreed to acquire Time Warner Cable (TWC), derailing Charter’s hostile takeover bid. For Charter shareholders, M&A ambitions are key. It’s unclear if Charter can amass assets equal to what TWC would have