Market Currents

• Thursday, December 24, 2009

• 12:42 PM After too many strikeouts, Chris Morris thinks it's time for Take-Two Interactive (TTWO) to leave the sports genre, perhaps by unloading its entire sports franchise - together with its costly MLB contract - to Electronic Arts (ERTS). Comment!

• Tuesday, December 22, 2009

• 09:05 AM Premarket gainers: SHS +17%. AMKR +8%. AVII +7%. NBG +6%. JBL +6%. EXXI +6%. APWR +5%. STEC +5%.
  Premarket losers: AIB -7%. MKND -5%. TTWO -5%. Comment!

• Monday, December 21, 2009

• 16:34 PM Take-Two Interactive Software (TTWO) agrees to sell its Jack of All Games subsidiary to SYNNEX (SNX) for just over $43M, and cuts its Q1 sales outlook to $90M-140M from previous $210M-260M. After hours: [[TTWO]] -4.5%, [[SNX]] +0.6%. (PR) Comment!

• Friday, December 18, 2009

• 09:00 AM Premarket gainers: RIMM +11%. TTWO +11%. CELG +7%. DEER +7%. KMX +6%. ORCL +5%. CTIC +5%. DAN +5%. RYAAY +4%.
  Losers: PALM -10%. LDK -10%. AIB -7%. BCR -7%. CATY -4%. SID -4%. LYG -4%. Comment!
• 08:49 AM Activist investor Carl Icahn disclosed he has taken an 11.3% stake in Take-Two Interactive Software (TTWO). Shares, which were down in after-hours trading after the video game publisher said its fiscal Q4 loss widened, rose more than 8% AH on news of Icahn's stake. Comment!

• Thursday, December 17, 2009

• 16:15 PM Take-Two Interactive Software (TTWO): FQ4 EPS of $0.09 in-line. Revenue of $343M (+6%) vs. $340M. Shares -1.2% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: ACN, DRI, NKE, ORCL, PALM, RIMM, TTWO Comment!

• Friday, December 4, 2009

• 09:04 AM Video game maker Take-Two Interactive Software (TTWO) -31.5% premarket after warning late Thursday that it wouldn't meet a goal of turning a profit next year. Analyst Todd Mitchell says it indicates broader problems with "accountability," and cut his recommendation to Sell from Buy. 1 Comment
• 09:00 AM Premarket gainers: BIG +13%. SNV +10%. LDK +10%. MRVL +9%. RDN +6%. GT +6%. JAVA +6%. AKAM +5%. RMBS +5%. SEED +5%. STEM +5%. PMI +4%. SOLF +4%. ID +4%. MTG +4%. RF +4%.
  Losers: TTWO -31%. SWHC -14%. GSS -8%. REG -5%. WES -5%. NG -4%. Comment!

• Tuesday, September 1, 2009

• 16:06 PM Take-Two Interactive Software (TTWO): FQ3 EPS of -$0.66 beats by $0.02. Revenue of $139M (-68%) vs. $125M. Shares -1.1% AH. (PR) Comment!
• 00:05 AM Notable earnings after Tuesday's close: ADCT, TTWO Comment!

• Tuesday, July 14, 2009

• 09:00 AM Premarket gainers: NOVN +22%. CIT +19%. AIB +10%. SQNM +8%. AIG +5%. ADY +5%. FCS +5%.
  Losers: HNT -20%. TTWO -11%. HUM -8%. AGNC -4%. 2 Comments
• 08:53 AM Take-Two Interactive Software (TTWO) -11% premarket after slashing its full-year earnings guidance and delaying the release of Bioshock 2, a top shooter title. For 2009, TTWO now expects a loss of $0.80-0.95 vs. a previous outlook of +$0.20. (PR) Comment!

• Monday, July 13, 2009

• 16:19 PM Take-Two Interactive (TTWO) down 5.5% AH after lowering its Q3 and fiscal-year outlook due to factors including the delay of its game BioShock 2. It now expects a loss of $0.65-0.75 vs. expected -$0.54 for the quarter, and for the year expects to lose between $0.80 and $0.95 per share vs. a gain of $0.07. Comment!

• Tuesday, May 26, 2009

• 16:16 PM Take-Two Interactive Software (TTWO): FQ2 EPS of -$0.04 beats by $0.09. Revenue of $230M (-57.4%) vs. $218M. Sees Q3 EPS of -$0.55 to -$0.65 vs. consensus of -$0.05 and revenue of $145-165M vs. $239M. Shares +0.2% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: TTWO Comment!