Earnings Results, Product Launches and New Appointments - Research Report on Activision, First Solar, SunPower, Take-Two Interactive, and Zynga
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NEW YORK, August 8, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Activision Blizzard, Inc. (NASDAQ: ATVI), First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation (NASDAQ: SPWR), Take-Two Interactive Software Inc. (NASDAQ: TTWO), and Zynga, Inc. (NASDAQ: ZNGA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Activision Blizzard, Inc. Research Report
On August 1, 2013, Activision Blizzard, Inc. (Activision) reported its Q2 2013 financial results. On a GAAP basis, the Company's net revenues declined 2.3% YoY to approximately $1.1 billion. Net income was $324 million or $0.28 per diluted share, compared to net income of $185 million or $0.16 per diluted share in Q2 2012. Activision CEO, Bobby Kotick, said, "On a GAAP and non-GAAP basis, we delivered strong quarterly and first half net revenues, operating income, and earnings. Year to date, we generated a record $434 million in operating cash flow. We are confident that we will continue to successfully navigate industry challenges and find new opportunities to provide superior returns to our shareholders." On July 25, 2013, Activision also announced that it has agreed to buy back nearly 429 million company shares and certain tax attributes from Vivendi for nearly $5.8 billion in cash. For Q3 2013 and full year 2013, the Company expects GAAP revenue to be $635 million and $4.3 billion, respectively, and GAAP EPS to be $0.03 and $0.77, respectively. The Full Research Report on Activision Blizzard, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/ATVI]
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First Solar, Inc. Research Report
On August 2, 2013, First Solar, Inc. (First Solar) announced that the Company has appointed Sharon Allen to its Board of Directors. According to First Solar, at present Allen is serving as an independent Director of Bank of America Corporation, and is also on the Board's Audit Committee and Corporate Governance Committee. First Solar stated that in her prior roles she has served as US Chairman of Deloitte LLP from 2003 to 2011, being the first and only woman to ever serve as chairman of a large, private US professional service organization. Allen also achieved a number of "firsts" including being the first female board member in Deloitte's history and the first executive chairman of Deloitte LLP. The Full Research Report on First Solar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/FSLR]
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SunPower Corporation Research Report
On July 31, 2013, SunPower Corporation (SunPower) released its financial results for Q2 2013. On a GAAP basis, the Company's total revenue decreased 3.3% YoY and 9.3% QoQ to $576.5 million. GAAP net income was $19.6 million or $0.15 per diluted share, compared to net loss of $84.2 million or $0.71 per diluted share in Q2 2012, and net loss of $54.7 million or $0.46 per diluted share in Q1 2013. According to Tom Werner, SunPower President and CEO, "SunPower's strong results in the second quarter reflect solid operational execution, as well as continued demand for our high efficiency systems in both the power plant and distributed generation channels across all major geographies." For Q3 2013 and full-year 2013, the Company expects GAAP revenue to be within $575 million to $625 million range and approximately $2.5 billion to $2.6 billion range, respectively. The Full Research Report on SunPower Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/SPWR]
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Take-Two Interactive Software Inc. Research Report
On August 1, 2013, 2K, a subsidiary of Take-Two Interactive Software Inc. (Take-Two Interactive) announced that WWE Superstar Undertaker will be featured in the "Phenom Edition" of WWE 2K14 franchise, available for the Xbox 360 and PlayStation3 consoles. Commenting on announcement, Chris Snyder, Senior Director of Marketing at 2K said, "The Deadman. The Lord of Darkness. The American Badass. The Phenom. In every aspect of his career, Undertaker has commanded the admiration and respect of WWE fans and newcomers alike for more than two decades. His unequivocal legacy will be fully realized in the WWE 2K14 'Phenom Edition' and is a must-have item for any collector." The Full Research Report on Take-Two Interactive Software Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/TTWO]
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Zynga, Inc. Research Report
On July 25, 2013, Zynga, Inc. (Zynga) reported Q2 2013 financial results. The Company's reported revenue of $231 million, reflecting a decline of 30.6% YoY. Net loss was $15.8 million and adjusted EBITDA was $8.3 million, compared to a net loss of $22.8 million and adjusted EBITDA of $65.3 million in Q2 2012. According to Zynga CEO Don Mattrick, "The next few years will be a time of phenomenal growth in our space and Zynga has incredible assets to take advantage of the market opportunity." The Company expects revenues of $175 million to $200 million in Q3 2013. Net loss is anticipated in the range of $43 million to $14 million and EPS is expected to be in the range of $0.05 to $0.02. The Full Research Report on Zynga, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/ZNGA]
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