Market Overview

Gaming Sector Report Card: 2 Up, 1 Down, 2 To Report

Gaming Sector Report Card: 2 Up, 1 Down, 2 To Report

In the gaming sector, three companies — Electronic Arts Inc. (NASDAQ: EA), Take-Two Interactive Software Inc. (NASDAQ: TTWO) and Activision Blizzard, Inc. (NASDAQ: ATVI), have reported their earnings numbers this week. While two stocks are trading up, the other is down due to the revenue outlook it provided.

However, the outlook has dampened the sentiments of two other stocks in the space: Nintendo Co., Ltd (ADR) (OTC: NTODY) and Zynga Inc (NASDAQ: ZNGA).

Related Link: "Overwatch" Success Is A New Tentpole For Activision Blizzard

Electronic Arts was the first to kick-start the sector with its earnings beat by 450 percent. It might have come as little surprise, however, as earnings topped estimates in preceding quarters as well. However, the percentage of positive surprise was a pleasant one. Electronic Arts was seen up roughly 2 percent on Friday.

Take-Two followed suit on August 4 to report earnings and revenue beats. Its outlook for the third quarter and full year also satisfied investors, resulting in the stock moving higher on Friday by almost 3 percent.

Similarly, Activision reported better-than-estimated earnings number. However, it provided revenue below the estimate, while its EPS forecast was above the expectations. At time of writing, the stock traded down 1.20 percent at $40.34.

This negative sentiment percolated to Nintendo and Zynga, which have yet to report their earnings number. Both stocks were seen trading down by more than 10 percent and 7 percent, respectively, on Friday. However, at time of writing, Zynga was down 7.24 percent on the day at $2.76 and ADRs of Nintendo were down 3.31 percent in after-hours trading at $28.04.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: gamingEarnings News Guidance Movers Tech Trading Ideas Best of Benzinga


Related Articles (ATVI + EA)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Technical Alert - Bristol Meyers Squibb Revisits March 24 Low After Opdivo Trial Misses Endpoint

Are Caterpillar Shares Digging Their Way Up From A Bottom?