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The figures come just days after EA lowered its yearly revenue projections following weak sales of its “Battlefield V” title, news that had sent its stock plunging 18 percent. EA owns iconic gaming franchises such as “FIFA,” “Need for Speed” and “Battlefield,” but the rapid rise last year of free-to-play online games like “Fortnite” and “PUBG” are forcing the company and its industry peers Activision-Blizzard and Take-Two to sit up and take notice.
“Fortnite” and “PUBG,” each backed by Chinese internet giant Tencent, are credited with helping take gaming to new audiences and popularizing the battle royale format, where dozens of mont blanc cufflinks online online players battle each other to the death, EA said on Tuesday its decision not to release a battle royale version of “Battlefield V” was one reason why it sold some one million fewer units than expected in the final quarter of 2018, Videogame review website Eurogamer said it had taken Fortnite about two weeks to hit the 10-million-player mark..
Wall Street analysts covering EA were optimistic about “Apex Legends” but said it was too early to tell if it could become the next “Fortnite.”. “It’s an impressive number and a great start to a new cornerstone property for EA — something the company needs following a string of missteps with its non-sports franchises,” said Oppenheimer & Co analyst Andrew Uerkwitz. Analysts also said posts by influential gamers such as “Ninja,” the most followed streamer on Twitch, had helped bring more attention to the game.
NEW YORK (Reuters) - Wall Street see-sawed on Monday, rarely straying far from opening levels as investors eyed ongoing U.S.-China trade talks, potential congressional gridlock and a diminished 2019 earnings outlook, The S&P 500 and the Nasdaq mont blanc cufflinks online eked out nominal gains while the blue chip Dow edged lower, Both Beijing and Washington expressed optimism about trade negotiations between the world’s two largest economies, even as a U.S, Navy mission in the disputed South China Sea provoked China’s anger..
In Washington, congressional leaders attempted to reach an agreement on border security funding in a bid to avert another government shutdown. With two-thirds of S&P 500 companies having reported, the fourth-quarter earnings season approached the home stretch. So far, 71.2 percent have posted better-than-expected profits. Fourth-quarter earnings growth is now estimated at 16.5 percent, up from 15.8 percent at the beginning of the year. But first-quarter 2019 profit growth expectations have diminished. Analysts now see the year starting with quarterly earnings dropping 0.2 percent from last year, which would mark the first contraction since the second quarter of 2016.
“It speaks to concerns about the global slowdown that people are growing more aware of,” said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York, “It’s the effects of tariffs and a somewhat tighter monetary policy, “Guidance has been a mixed bag and trade uncertainty is the major connecting issue,” mont blanc cufflinks online Pavlik added, The Dow Jones Industrial Average fell 53.22 points, or 0.21 percent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 percent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 percent, to 7,307.91..
Losses on Monday were concentrated. Of the 11 major S&P sectors, only communications services, utilities and healthcare closed in the red. Tariff-sensitive industrial stocks provided the biggest lift to the S&P 500, led by Union Pacific Corp, General Electric Co and FedEx Corp, among others. Healthcare stocks were the biggest drag on the Dow, pulled down by UnitedHealth Group Inc and Pfizer Inc and Merck & Co, each down more than 1 percent. Shares of Tesla Inc rose 2.3 percent after Cannacord Genuity upgraded the stock to “buy” from “hold.” It said the electric automaker’s recent price cuts are helping achieve its goal of an affordable Model 3.
Apple Inc edged 0.6 percent mont blanc cufflinks online lower after industry research firm IDC said in a report that iPhone sales in China fell by 20 percent in the fourth quarter, Advancing issues outnumbered declining ones on the NYSE by a 1.86-to-1 ratio; on Nasdaq, a 1.52-to-1 ratio favored advancers, The S&P 500 posted 32 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 62 new highs and 23 new lows, Volume on U.S, exchanges was 6.23 billion shares, compared with the 7.43 billion average over the last 20 trading days..