For Immediate Release
Chicago, IL – March 16, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the SINA Corp. (SINA-Free Report), Scientific Games Corp. (SGMS-Free Report), Zynga, Inc. (ZNGA-Free Report), International Game Technology (IGT-Free Report) and Glu Mobile, Inc. (GLUU-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
Video Game Stock Roundup
Video game stocks failed to show any improvement over the last 5 sessions probably due to the absence of any major event. Some of the highlights for the past week were the earnings results released by SINA Corp. (SINA-Free Report) and Scientific Games Corp. (SGMS-Free Report) and Zynga, Inc.’s (ZNGA-Free Report) plan to launch Dawn of Titans which led to a decent rise in its share price.
Top Stories Over the Last Week
1. Zynga’s subsidiary, NaturalMotion, recently announced that the much-awaited game Dawn of Titans will be launched by 2015-end. Dawn of Titans, an action packed fantasy strategy game, is primarily designed for iPhone and iPad users. This led to a significant rise in Zynga’s share price, despite the overall bearish momentum in the market. (Read more: Zynga's NaturalMotion to Launch 'Dawn of Titans,' Shares Up)
2. SINA Corp. reported fourth-quarter 2014 earnings of 10 cents per share, missing the Zacks Consensus Estimate of 15 cents by 33.3%. Earnings also declined from 11 cents reported in the year-ago quarter. Revenues, on the other hand, increased 7% year over year to $211.1 million but came in line with the Zacks Consensus Estimate. Non-GAAP revenues of $208.5 million were also within management’s guidance range of $204–$210 million. (Read more: SINA Misses Q4 Earnings Estimates, Revenues In Line)
3. Scientific Games reported fourth-quarter results on Mar 11. The company incurred loss per share of 55 cents, narrower than the Zacks Consensus Estimate of 61 cents loss. In addition, the company’s revenues of $586 million beat the Zacks Consensus Estimate of $478 million.
4. On Mar 9, International Game Technology (IGT-Free Report) announced that one of its lucky players won $1.2 million jackpot at the Riverside Resort Hotel & Casino on Feb 28 from its popular Wheel of Fortune, Casino Slot game. The latest jackpot represented the second million-dollar-plus jackpot paid at the Riverside Resort since Dec 2014.
5. Glu Mobile, Inc. (GLUU-Free Report) announced that on Feb 10, its Compensation Committee awarded restricted stock units covering an aggregate of 47,900 shares of Glu's common stock to 10 newly hired employees in keeping with its Equity Inducement Plan. Glu's Compensation Committee initiated the plan in 2008, a non-stockholder approved plan, to grant equity awards as an inducement material to new employees.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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SINA CORP (SINA): Free Stock Analysis Report
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ZYNGA INC (ZNGA): Free Stock Analysis Report
INTL GAME TECH (IGT): Free Stock Analysis Report
GLU MOBILE INC (GLUU): Free Stock Analysis Report
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