GameStop Earnings Up on Software Sales
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Video-game chain GameStop Corp.'s second-quarter earnings rose on strong sales.
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French video game publisher  Ubisoft Entertainment SA  raised its revenue and  profit estimates on Thursday, citing strength of its  "Assassin's Creed" action game.
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SAN FRANCISCO &#151; Electronic Arts Inc. exceeded Wall Street's earnings expectations Thursday despite fiscal third-quarter sales that dropped 38 percent, thanks to brisk holiday sales of video games used on the Sony Playstation 3.
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Video game publisher THQ Inc.  posted better-than-expected quarterly profit on Friday due to strong sales of titles like "WWE SmackDown vs. Raw 2007," "Cars," and "SpongeBob SquarePants."
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Shares in Nintendo Co Ltd  briefly jumped more than 5 percent on Friday after robust holiday sales of Wii and DS game machines helped more than double its quarterly operating profit and prompted it to raise its outlook above market expectations.
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Tyco Electronics reported a higher quarterly profit Wednesday, helped by a tax benefit and strong demand from telecommunications customers.
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Japanese video game maker Nintendo Co. Ltd. reported a 39.1 percent rise in operating profit for the first half on Thursday and raised its sales target for a new, keenly awaited portable game player.
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The video game maker exceeded Wall Streetâs earnings expectations despite a 38 percent drop in third-quarter sales.
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Microsoft Corp. MSFT.O, the world's  largest software maker, on Thursday said its quarterly profit  climbed as sales rose, but the company's revenue forecast for  the current quarter fell below Wall Street estimates.
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Activision Inc  on  Thursday posted a higher-than-expected quarterly profit and  gave a bullish revenue forecast, citing strong sales of its hit  "Call of Duty 4" and "Guitar Hero 3" video games.
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U.S. sales of video-game hardware  and software jumped more than 50 percent in November, driven by  record purchases of Nintendo Co Ltd's  Wii console and  several new blockbuster games, industry data showed on  Thursday.
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Microsoft Corp  posted a 7  percent gain in net profit as demand for its Office software  and improved results from its online arm more than compensated  for a $1.1 billion charge to repair Xbox video game consoles.
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U.S. video game sales rose 8 percent in 2004, despite a drop in sales in December due to widespread hardware shortages, analysts said on Friday.
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Sales of video games rose about 11 percent in the United States in November, analysts said on Friday, with two key titles responsible for almost 30 percent of all games sold in the month.
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Japan's Nintendo Co Ltd nearly tripled  its first-half profit and boosted its annual earnings outlook  on Thursday as its popular Wii and DS game machines outsell  rival Sony Corp's PlayStation.
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MINNEAPOLIS - Best Buy Company Inc. said on Wednesday that third-quarter earnings rose 21 percent, but gave hints that profits during the holiday selling season may not be quite what analysts were hoping for.
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Electronic Arts Inc  posted a 44 percent rise in quarterly profit on Thursday and gave forecasts in line with Wall Street estimates, but shares  in the world's top video-game publisher fell 6 percent.