Arvind Bhatia News
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Electronic Arts Inc., the No. 2 U.S. video-game maker, rose the most in 13 years after forecasting annual profit that exceeded analysts’ estimates, a result of cost cutting.
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Electronic Arts Inc., the No. 2 U.S. video-game maker, rose the most in 13 years after forecasting annual profit that exceeded analysts’ estimates, a result of cost cutting.
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Zynga Inc., the biggest maker of online social games, forecast second-quarter sales that may fall short of some analysts’ estimates as revenue from mobile titles fails to make up for a drop in users playing its games on Facebook Inc.’s website.
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Facebook Inc.’s stock, which has already lost $25 billion in value since its public debut, would have to drop another 20 percent for its valuation to match other companies that do business over the Internet.
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Zynga Inc.’s operations are getting the least credit in public markets among Internet media companies, and management’s refusal to consider a sale as growth slows is blocking an avenue for shareholders to recoup losses.
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GameStop Corp. the world’s largest video-game retailer, plans to close 200 stores by next year, saying about 3 percent of its outlets worldwide lose money.
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Groupon Inc.’s decision to fire Andrew Mason puts pressure on Chairman Eric Lefkofsky to find a replacement who can create a money-making business after the daily-deal provider lost $723.8 million in the past three years.
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Take-Two Interactive Software Inc. , the publisher of “Grand Theft Auto” video games, beat analysts’ estimates for third-quarter profit with sales of its basketball game. The company raised its fourth-quarter forecast.
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Most U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since October 2007, as investors weighed economic reports and President Barack Obama’s State of the Union address.
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Sept. 14 (Bloomberg) -- Analyst Arvind Bhatia talks about his outlook for Facebook and his investment strategy. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
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