Showing posts with label Take Two Interactive Software Inc. Show all posts
Showing posts with label Take Two Interactive Software Inc. Show all posts

Wednesday, May 23, 2012

Wednesday’s biggest gaining and declining stocks

Wednesday’s biggest gaining and declining stocksAtlanta, GA 5/23/12 (StreetBeat) -- Below are some of Wednesday’s biggest gaining and declining stocks:

Gainers

RailAmerica Inc. (NYSE: RA +8.00%) shares added 6%. Late Tuesday, the freight-railroads operator said that it was pursuing strategic alternatives including a possible sale of the company. It has hired Deutsche Bank as its financial adviser.

Shares of gamemaker Take-Two Interactive Software Inc. (Nasdaq: TTWO +6.36%) rose 8.2%. Late Tuesday, the company reported fourth-quarter earnings and disclosed an outlook for a loss, but investors focused on better-than-expected revenue generated in the company’s March quarter.

PetSmart Inc. (Nasdaq: PETM +10.32%) gained 10% following financial results that one analyst described as a “howler” of a first quarter. The firm beat analyst expectations as all aspects of its business grew.

Guess Inc. (NYSE: GES +4.30%) shares rose 6.3% on Wednesday. The clothing retailer said on Tuesday after the market closed that its first-quarter profit fell 38% from a year ago, but it topped analyst expectations.

Decliners

Dell Inc. (Nasdaq: DELL -17.11%) shares fell nearly 16%. On Tuesday, the computer maker posted first-quarter results that came in below expectations, with the company’s chief financial officer pointing to challenges in its business.

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Take-Two (Nasdaq: TTWO) shares jump as analysts see GTA window

Take-Two (Nasdaq: TTWO) shares jump as analysts see GTA windowOrlando, FL 5/23/12 (StreetBeat) -- Take-Two Interactive Software Inc. (Nasdaq: TTWO +8.15%) saw its shares jump 7.8% to $12.02 on Wednesday morning. The videogame publisher reported a wider-than-expected loss for its fourth fiscal quarter late Tuesday, along with a forecast for the current period that was below Wall Street's expectations. Analysts, however, cued in to the expected release of "Grand Theft Auto V," which many now expect to take place in March of 2013 -- the tail end of the company's fiscal year.”

Although management did not provide a release date or window for GTA V, its Fiscal '13 revenue guidance is unattainable without a huge seller from Rockstar," wrote Michael Pachter of Wedbush Securities, referring to the develepment studio behind the GTA franchise.

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