By Chandni Doulatramani and Malathi Nayak (Reuters) - GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. The videogame industry, which has struggled with declining sales as gamers migrate to mobile and social media platforms, is hoping for a strong finish to 2013 with the release of new titles like Take-Two Interactive Software's "Grand Theft Auto V" and Electronic Arts Inc's "Battlefield 4. ... more...Eight years after the debut of the Xbox 360, Microsoft has announced the Xbox One. more...By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after the company projected full-year earnings per share of $3.50 to $3.60, raising the lower end by 10 cents, and fiscal third-quarter profit that topped analyst estimates. ... more...By Alistair Barr and Tanya Agrawal (Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company's shares opened up 25 percent, after its initial public offering of 5.8 million shares was priced at $14 per share, the high end of its pricing range. ChannelAdvisor shares were trading up 40 percent at $19.54 on the New York Stock Exchange. They touched an intraday high of $19.73, valuing the company at about $400 million. ... more...
By Chandni Doulatramani and Malathi Nayak (Reuters) - GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. The videogame industry, which has struggled with declining sales as gamers migrate to mobile and social media platforms, is hoping for a strong finish to 2013 with the release of new titles like Take-Two Interactive Software's "Grand Theft Auto V" and Electronic Arts Inc's "Battlefield 4. ... more...
Eight years after the debut of the Xbox 360, Microsoft has announced the Xbox One. more...
By Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after the company projected full-year earnings per share of $3.50 to $3.60, raising the lower end by 10 cents, and fiscal third-quarter profit that topped analyst estimates. ... more...
By Alistair Barr and Tanya Agrawal (Reuters) - ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. The company's shares opened up 25 percent, after its initial public offering of 5.8 million shares was priced at $14 per share, the high end of its pricing range. ChannelAdvisor shares were trading up 40 percent at $19.54 on the New York Stock Exchange. They touched an intraday high of $19.73, valuing the company at about $400 million. ... more...
