Micron Technology (MU) shares hit a new 52-week high in early trading.
Under Armour (UA) shares were sharply higher in early trading.
This could create a much needed revenue stream for Twitter, which has yet to turn a profit.
The chipmaker raised its outlook for the current quarter after it reported earnings that beat estimates.
The company is launching a new sneaker next week with a steep price tag of $300.
Shares of GameStop plummet on reports of lost sales
Shares of GameStop fell more than 13 percent Friday after the company reported sales declines in almost all of its segments during the fourth quarter.
Moving forward, GameStop will no longer provide quarterly earnings nor same-store-sales guidance, Chief Financial Officer Rob Llyod said in a statement.
GameStop reported Thursday that hardware sales declined 29.1 percent, and new software sales fell by 19.3 percent for the quarter — two categories that were once key in boosting revenue for the retailer.
With Friday’s steep declines, shares of GameStop are down more than 30 percent over the past 12 months and are down more than 18 percent year-to-date.
On Thursday, GameStop reported adjusted quarterly earnings of $2.38 per share, topping a Thomson Reuters estimate of $2.28, but coming in 2 cents lower than the same period one year ago.
according to Global sales in the fourth quarter declined 13.6% year-over-year while same-store sales (sales at stores open at least a year) fell 16.3%; the retailer attributed the sales miss to a decline in video game hardware and software sales.
Nintendo, which had originally planned to produce 8 million Switch units this year, will apparently increase manufacturing to 16 million units with expectations of selling over 10 million units during the same period.
On Thursday, GameStop reported fourth-quarter profits that surpassed analysts’ expectations but sales that fell short of forecasts.
GameStop’s (GME) shares plummeted more than 13% on Friday after it reported weak sales the day before, but Nintendo’s new Switch console may help the video game retailer turn things around.
Nintendo, in contrast, appears to be seeing something of a rebound, thanks to impressive early sales of its latest gaming console, the Nintendo Switch.
collected by :Molly Tony