Friday’s Headlines: A Mixed Day For Video game Stocks 👾

Friday’s Headlines: A Mixed Day For Video game Stocks 👾

1. It was a big day for videogame stocks, with both Take-Two Interactive and Activision-Blizzard reporting on Thursday night. Activision reported earnings of $1.23 per share on net bookings of $2.71 billion, while Take-Two saw EPS of $1.63 on net bookings of $888 million. Whereas Activision beat earnings and saw its stock rise 2.9% after hours, rival Take-Two fell short and saw shares tumble 10% after the bell. Read the full story here.

2. Twitter stock rose 15% after reporting earnings for Q4 on Thursday that missed analyst estimates for earnings per share but beat revenue and active user expectations. EPS came in at $0.25 versus estimates of $0.29 on top of revenue of $1.01 billion versus $996.7 million expected. The big win for the social media giant was that Monetizable Daily Active Users (mDAUs) came in at 152 million versus 147.5 million expected. Read the complete report here.

3. Wynn Resorts fell more than 3% after hours following an earnings report which saw revenue fall at both its Las Vegas and Macau resorts. The casino operator saw a 20.3% decline in Wynn Palace operating revenue to $590 million, a 6.3% drop in revenue from Las Vegas operations to $368.8 million and a 5.1% fall in Wynn Macau revenue to $525.4 million. Total adjusted property EBITDA fell 11.3% year over year to $443.1 million, with the company offering no comment on the effects of the coronavirus outbreak on profits. Get the complete report here.

More MyWallSt earnings

Customer service software provider Zendesk fell more than 2% after hours despite beating on revenue. Q4 EPS of $0.10 was in-line with expectations, while revenue of $229.9 million beat analyst estimates of $227 million.


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