Microsoft Beats Expectations On Strength Of Xbox And Kinect Sales

The video game industry is shifting toward a greater focus on mobile games and digital downloads. It is no surprise then that GameStop Corporation (GME), the nation’s largest video game retailer, has seen a number of challenges in expanding its underlying business.

Macy's, Inc. (M) opened in the green today after the company reaffirmed its full-year guidance as April sales picked up after a harsh winter. The department store that caters to mid and upscale customers also announced its first-quarter results for fiscal year 2014 (1QFY14; ended May 3, 2014). The company managed to beat earnings estimates but fell short on account of revenues for the thirteen-week period.

By Zacks.com: MICROS Systems Inc. (MCRS) is scheduled to announce its fourth quarter and fiscal 2011 results on Thursday, August 25, 2011.

theflyonthewall.com submits: Symantec (SYMC) is expected to report Q3 earnings after the market close on Wednesday, January 26, with a conference call scheduled for 5 pm ET.

The decline in demand for personal computers has affected the value propositions of suppliers, with customers increasingly switching to smartphones and tablets. Intel Corporation (INTC), which manufactures chipsets and microprocessors, has been adversely affected by this trend as well, but its stock benefited today as the company raised its second-quarter guidance on the back of improved demand for business PCs.

The Coca-Cola Company (KO) reported its first quarter results for fiscal 2014 (1QFY14) today before markets opened. The Atlanta, Georgia-based beverage-maker had missed earnings expectations for the last two quarters, so today’s strong results came as a major surprise.

By Zvi Bar:On Friday, August 3, after the markets closed, Berkshire Hathaway (BRK.B) reported that it earned $3.1 billion net income, or $1.25 per Class B share. Berkshire's revenue grew slightly, from $38.3 billion to $38.5 billion.

By Zvi Bar:On Tuesday, January 17, 2012, before the markets open, Wells Fargo (WFC), the largest U.S. financial based on market capitalization, reported a 20 percent increase in fourth-quarter profit, above most analyst estimates. See a recent WFC performance chart, below: (Click to enlarge)