Electronic Arts posts larger 1st-quarter loss, adjusted results beat expectationsAugust 4th, 2009 EA 1Q loss widens but results surpass expectationsNEW YORK — Lower revenue from packaged video games amid a seasonal slump for the industry gave Electronic Arts Inc. a larger net loss in its fiscal first quarter.
Texas Instruments 3rd-quarter profit, sales decline but surpass expectationsOctober 19th, 2009 Texas Instruments 3Q profit, sales declineNEW YORK — Texas Instruments' third-quarter profit and sales Monday inched past the improved expectations the chip maker gave last month, and its largest division, which makes analog chips used in digital music players and other gadgets, saw 20 percent growth for the second quarter in a row. "We are encouraged with the strong sequential increase in demand for our products over the past two quarters as our customers are winding down their inventory corrections and have begun to increase production levels in their factories," said Rich Templeton, TI's chairman, president and CEO, in a statement.
Electronic Arts posts smaller 4th-quarter loss, lower revenueMay 6th, 2009 Electronic Arts posts smaller 4Q lossNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as the company continued to slash costs in a quarter with fewer hit game launches.
Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs declineMay 6th, 2009 EA posts smaller 4Q loss as costs declineNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.
Electronic Arts CEO John Riccitiello talks about possible console price cutsAugust 5th, 2009 On the Call: EA CEO John RiccitielloVideo game publisher Electronic Arts Inc. posted better-than-expected results for its fiscal first quarter Tuesday, and reaffirmed its adjusted guidance for the full fiscal year.
Electronic Arts CEO calls PS3 price cut, timing 'great move'August 19th, 2009 Electronic Arts CEO says PS3 price cut great moveNEW YORK — John Riccitiello, the CEO of video game publisher Electronic Arts, says Sony's decision to cut the price of the PlayStation 3 is a "bold move done precisely at the right time."
Sony Corp. said Tuesday it is cutting the price of the console by $100, bringing the 80-gigabyte version to $299 effective immediately.
Motorola, Alcoa, Procter & Gamble, Office Depot are among big market movers ThursdayOctober 29th, 2009 more images
more imagesMotorola, Alcoa, Procter & Gamble are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:
NYSE:
Motorola Inc., up 78 cents at $8.74
The maker of communications equipment reported an unexpected quarterly profit as losses in its mobile phone division narrowed. Alcoa Inc., up $1.07 at $13
The U.S.-based aluminum maker is working with China on the development of the country's newest and biggest commercial jetliner.
Investors largely shrug off dismal July video game sales; EA, Activision post modest gainsAugust 14th, 2009 Sector Snap: Stocks shrug off low video game salesNEW YORK — Investors seemed to look past dismal July video game sales on Friday to expectations of a better second half to the year, with shares of game makers holding up despite the fifth straight month of declines. Market researcher NPD Group reported a 29 percent drop in sales of game hardware, software and accessories Thursday, an even steeper decline than analysts were expecting.
US video game retail sales fall once again in August, says NPDSeptember 11th, 2009 NPD: Video game sales slide again in AugustNEW YORK — Retail sales of video games have declined for six straight months. Analysts are blaming the slow August — which was expected — in part on a disappointing showing from the latest "Madden" title from Electronic Arts.
Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
Activision Blizzard shares climb in premarket trading after strong 3rd-quarter resultsNovember 6th, 2009 Activision Blizzard shares rise after 3Q resultsNEW YORK — Shares of Activision Blizzard Inc. rose Friday after the video game publisher posted strong third-quarter results and backed its full-year outlook amid a difficult time for the video game industry.
Samsung Electronics 3Q net profit triples to record high amid increased salesOctober 30th, 2009 more images
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Samsung 3Q profit triples to record as sales jump
SEOUL, South Korea — Samsung Electronics Co. said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products from flat screen televisions to mobile phones.
Panasonic reports loss on slump, price falls, retirement expenses that offset cost cutsAugust 3rd, 2009 Panasonic reports loss on slump, price fallsTOKYO — Panasonic Corp. posted a 52.98 billion yen ($558 million) loss as sliding sales, falling gadget prices and restructuring costs kept the Japanese electronics maker in the red for a third straight quarter.
LDK shares tumble on 2nd-qtr loss, analyst warns of more write-downs, stressed balance sheetAugust 13th, 2009 LDK shares fall on 2Q loss, analyst rates "Sell"NEW YORK — Shares of solar cell wafer maker LDK Solar Co. Ltd. tumbled on Thursday, the morning after the company posted a second-quarter loss as it wrote down the plummeting value of its inventory.
US video game retail sales fall 16 percent in August, sixth month of double-digit declineSeptember 11th, 2009 US video game sales slide in August for 6th monthNEW YORK — Video games sales declined in August for the sixth straight month, following what analysts called a disappointing showing from the latest "Madden" game. Nonetheless, game makers are eyeing a stronger September, boosted by the much-hyped launch of "The Beatles: Rock Band" as well as "Guitar Hero 5."
Although the video game industry held out longer than many other sectors in the recession, it began recording double-digit declines in March when compared with the same period in 2008.
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