According to comScore estimates, online retail sales topped $1 billion on Black Friday for the first time this year, an increase of 26% over last year. So far online retail sales have grown 16% year over year and comScore estimates sales to continue to grow around 17% year over year for the Holiday season. Online sales this holiday season are expected to grow at a faster rate than they more »
Activision Blizzard (NASDAQ: ATVI) hit a new 52 week low after announcing third quarter earnings after the bell last Wednesday. Despite the drop in price, Activision actually beat earnings estimates by 7 cents per share and revenue estimates by $41 million. Activision even raised full year revenue guidance by $180 million and EPS guidance by 11 cents. Although Activision blew past analysts’ expectations both for this quarter and next, they more »
Best Buy (NYSE: BBY) is scheduled to release third quarter earnings on November 20. Investors will be looking for an update on Best Buy’s attempt to turn around the business. However, Best Buy has already warned investors that they expect third quarter earnings to be significantly below last year’s. Management expects third quarter earnings to be effected by three things; lower comparable store sales, lower profit margins, and more »
Last week EBay (NASDAQ: EBAY) announced the 7th straight quarter of 15% year over year revenue growth. This was fueled by 23% growth in their PayPal division as well as 9% growth in the Marketplace division. Though PayPal is clearly the driving force for eBay, CEO John Donahoe attributed mobile as a game changer for the company.
Turning Around the Marketplace
The Marketplace may have looked like one of more »
Since missing revenue estimates back in July, Coinstar’s (NASDAQ: OUTR) shares have fallen 22% and are now 35% off their 52-week high. Revenue grew 22%, but fell short of Wall Street’s estimates of 25% growth. Coinstar actually beat earnings estimates by about 7%, but that wasn’t enough to ease fears of slowing growth for Coinstar’s Redbox kiosks.
Redbox grew revenue at 26% last quarter. However most more »
Blackberry maker Research in Motion (NASDAQ: BBRY) has seen their share of the smartphone market slide from a peak of 20.8% in 2009 down to 5.2% as their phones fell out of favor with consumers. RIM was slow to innovate and therefore struggled to keep up with Apple’s iPhone and Google’s Android.
RIM is now preparing to overhaul their smartphone lineup with the new Blackberry 10 more »
IMAX's Big Deal in China
IMAX (NYSE: IMAX) has been bringing Hollywood movies to the big screen since Apollo 13 in 2002. In 2009 they signed a deal with China's Huayi Bros. to bring Chinese movies to the big screen in China. Their first release was in 2010 with Aftershock, which grossed $640,000 on only 12 screens. Last week IMAX and Huayi Bros. expanded their agreement to more »