GameStop Stock Soars After CFO Resigns
Jim Bell reportedly was forced to resign as part of a push by activist investor Ryan Cohen to "reshape the ailing retailer.”
Cloud Growth Drives Microsoft Earnings Beat
Microsoft has benefited from businesses accelerating the shift to cloud infrastructure and applications due to the COVID-19 pandemic.
Zynga Rides Gaming Binge to Record Quarter
“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
EA’s Strong Quarter Overshadowed By ‘Battlefield’ Pushout
The company unexpectedly pushed out the next title in its "Battlefield" franchise one year, to 2022.
Eldorado Resorts to Buy Caesars in $17.3B Casino Deal
The acquisition combines about 60 casinos and resorts in 16 states under a single name.
GameStop Misses Estimates, Exploring Sale
The retailer believes it can still "leverage our industry-leading position to drive growth in the second half" of the year.
Nvidia Shares Drop 5% on Lowered Guidance
The chipmaker's cryptocurrency-mining business collapsed in the second quarter and it now expects a “negligible” revenue contribution in the future.
Dave & Buster’s Tops Estimates on Gaming Gains
The chain's "differentiated experience across our four platforms of eat, drink, play and watch, continues to resonate with our guests."
Best Buy Beats Profit Estimates But Sales Sag
The retailer's same-store sales dropped 0.7% in the fourth quarter amid weaker-than-expected demand from gamers and product outages.
PlayStation Powers Sony to Slim Q1 Profit
The gaming unit accounted for more than 75% of Sony's total profit while the struggling smarthpone business broke even.
Warner Bros. Faulted Over Game Promotion
“Companies like Warner Brothers need to be straight with consumers in their online ad campaigns," the Federal Trade Commission says.