The Zacks Analyst Blog Highlights: King Digital Entertainment, Zynga, International Game Technology, Glu Mobile and Take-Two Interactive Software
For Immediate Release
Chicago, IL – November 17, 2014 – 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 the King Digital Entertainment plc (KING-Free Report), Zynga Inc. (ZNGA-Free Report), International Game Technology (IGT-Free Report), Glu Mobile Inc. (GLUU-Free Report) and Take-Two Interactive Software Inc. (TTWO-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
Video Game Stock Overview
Over the last five trading sessions, the world of Video Games revolved around earnings releases by the top players: King Digital Entertainment plc (KING-Free Report), Zynga Inc. (ZNGA-Free Report) and International Game Technology (IGT-Free Report). Most of the stocks performed decently, backed by earnings results and product-related news. Candy Crush Soda Saga launched on iOS and Android platforms (Read More: King Digital's Candy Crush Soda Saga Now on iOS, Android).
However, stocks like Glu Mobile Inc. (GLUU-Free Report) and Take-Two Interactive Software Inc. (TTWO-Free Report) failed to impress investors.
Top Stories Over The Last Week or So
King Digital Entertainment reported third-quarter fiscal 2014 earnings which managed to beat the Zacks Consensus Estimate but plunged year over year given significant declines in sales revenue from its flagship product, Candy Crush Saga. Despite declining year over year, revenues surpassed the Zacks Consensus Estimate. (Read More: King Digital Tops Q3 Earnings, Revenues; Down Y/Y)
Zynga reported a loss in the third quarter in line with the Zacks Consensus Estimate. Revenues plunged from the year-ago quarter and also missed the Zacks Consensus Estimate, owing to the absence of new and innovative product pipeline. (Read More:Zynga Reports Q3 Loss as Expected; Reiterates FY14 Outlook)
International Game Technology reported fourth-quarter fiscal 2014 results which beat the Zacks Consensus Estimate and improved from the year-ago earnings, given significant improvements in our gross margins. Despite a substantial rise in social gaming revenues, total revenues decreased year over year but surpassed the Zacks Consensus Estimate of $523 million. (Read More: International Game Technology Tops Q4 Earnings, Sales)
Glu Mobile recently released the third-quarter earnings and stated that the much-talked about mobile game, Kim Kardashian: Hollywood earned $43 million within the first three months of release. (Read More: Glu Mobile Earns $43M from Kim Kardashian Game in Q3)
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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