Electronic Arts (EA) is up nearly 3% in early trading. Shares were also up several points yesterday on announcement of a deal with Disney to make "Star Wars" branded video games. Electronic Arts is also releasing its quarterly report after today's closing bell-- just like Disney. It was during the past quarter that the company changed CEOs. Electronic Arts is expected to post earnings of 58-cents a share, more than triple the amount a year ago. Revenue is also expected to rise above $1-billion.
Next up is Crestwood Midstream Partners (CMLP), which is reporting its earnings this morning. The company missed pretty badly, logging just 7-cents a share when estimates were for 12-cents. It also missed on revenue. Just yesterday Crestwood announced a $7-billion merger with Inergy Midstream (NRGM). Both companies specialize in pipeline and storage services for shale fields. Rapid growth in the industry has created demand for new energy infrastructure. The announcement sent shares 3.5% higher. The stock is up about 11%year to date.
Now, BroadSoft (BSFT) which is currently up 10% in premarket trading. The software maker posted earnings of 18-cents a share when it released its quarterly report after yesterday's closing bell. That easily beat estimates of 11-cents. Revenue was also higher than the consensus. BroadSoft says it's benefitting as customers switch their data storage to the cloud. Billings were up 16% from a year ago. Shares of BroadSoft plummeted almost 30% in February when the company lowered its outlook, but have been climbing back since then.
Finally, there's MBIA (MBI) which is up another 4% today after skyrocketing an astounding 45% yesterday. The stock shot up on the announcement of a $1.7-billion settlement with Bank of America (BAC). MBIA was suing BofA over bad mortgage backed securities. The spike puts MBIA at a 52-week high, and means shares have risen 75% since the start of the year.
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