Electronic Arts Inc. (NASDAQ:EA) (MarketWatch)
The poor performance of Electronic Arts Inc.’s “Star Wars Battlefront 2” was in the spotlight on the company’s fiscal third-quarter earnings report on Tuesday, but that didn’t hurt its shares. Shares of Electronic Arts EA, +7.45% rose more than 9% on Wednesday, after the video game publisher reported profit that was above Wall Street expectations, though revenue was weak. EA said that the topline shortfall was due to disappointing “Battlefront 2” sales. The highly-anticipated mega franchise game suffered from a rocky launch due to consumer complaints surrounding the game’s microtransactions, or in-game purchases. Players felt there was too much emphasis on in-game purchases, making it frustrating to progress in the game.
ImmunoGen, Inc. (NASDAQ:IMGN) (The Motley Fool)
What happened: Shares of ImmunoGen, Inc. (NASDAQ:IMGN), a clinical-stage biotech developing new cancer therapies, surged 12.3% this morning after an investment bank analyst initiated coverage of the stock with an eye-popping price target. The early gain has settled down to a 10.7% rise as of 12:01 p.m. EST on Wednesday. So what: Immunogen’s only sales-generating product at the moment is a component of Roche’s breast cancer drug, Kadcyla.
Juniper Networks, Inc. (NYSE:JNPR) (Benzinga)
Juniper Networks, Inc. shares declined 9.4 percent to $25.66 despite a fourth quarter earnings and sales beat. The company issued weak first quarter earnings and sales guidance. Juniper also reported a $2 billion buyback plan and raised its quarterly dividend from $0.10 to $0.18 per share.
Advanced Micro Devices, Inc. (NASDAQ:AMD) (CNBC)
Advanced Micro Devices’ new chips will take big market share from its competitors this year, according to Wall Street. The chipmaker reported better-than-expected fourth-quarter earnings results Tuesday. AMD also gave revenue guidance for the March quarter significantly above Wall Street expectations. The company’s shares are up 5 percent Wednesday and have now risen 31 percent this month, compared with the S&P 500’s 6 percent return. That performance ranks No. 3 in the entire S&P 500, according to FactSet.