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Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo's ageing Switch console. Nintendo has sold 132.46 million units of the Switch, making it the company's second-most successful console after the handheld Nintendo DS. If the Switch remained popular in the holiday quarter then Nintendo could push a new console out to the Fall of this year, Goyal said. If Switch sales dropped in the December quarter, the new device could come as early as Spring or Summer, he added. Kantan Games' Toto said he expects the successor to be a "new device and not just an upgrade."
Persons: Philip Fong, Mario, Zelda, Serkan Toto, Piers Harding, Atul Goyal, Goyal, I'm, Nintendo's, Harding, Rolls, Toto, Moffett Nathanson, Will Organizations: Nintendo, AFP, Getty, CNBC, Kantan Games, Ampere, Jefferies, Mario Bros, Moffett Locations: Japan, Tokyo
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount stock jumped about 11% Friday, a day after posting another double-digit gain, on pace for its best day since last November. The media giant released its third quarter earnings report after the closing bell Thursday, posting higher profit and revenue from a year earlier. Bernstein Research analysts noted that the trends in the third quarter were strong, and if the company keeps them up, Paramount can expect more earnings growth. Moffett Nathanson Research analysts echoed that sentiment while remaining cautiously optimistic.
Persons: Tom Ryan, Moffett Nathanson Organizations: Paramount, LG, Consumer Electronics, Wall Street, Bernstein Research, Moffett Nathanson Research Locations: Las Vegas , Nevada
Top 10 things to watch in the stock market Friday
  + stars: | 2023-09-15 | by ( Zev Fima | ) www.cnbc.com   time to read: +3 min
Adobe (ADBE) is seeing a slew of price target hikes on the back of a very good fiscal third report. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Stellantis, Morgan Stanley, Moffett Nathanson, Estee Lauder, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Adobe, The United Auto Workers, General Motors, Chrysler, Ford, UAW, NYSE, Barclays, Club, Microsoft, Oracle, HSBC, Jim Cramer's Charitable, CNBC Locations: what's
Google's revenue rose 7% to $74.6 billion from $69.7 billion in the year-earlier period, topping analysts' estimates. Google's ad revenue only increased 3.3% from a year earlier, but that's an improvement from the first quarter, when ad revenue fell. Search revenue, which makes up the majority of Google's ad business, also saw steady growth. AI companies are flocking to Google's cloud technology so they can run the compute-heavy projects that are only available in a few places. Google's cloud business, which turned profitable in the first quarter, saw revenue increase 28% in the second quarter to $8 billion, topping analysts' estimates.
Persons: Snap's, Michael Nathanson, Moffett Nathanson, Bing, Sundar Pichai, Pichai, we'd, Dan Ives Organizations: Microsoft, Google, Amazon Web Services Locations: OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOnline purchases see about five times more fraud than in-store, says MoffettNathanson's Lisa EllisLisa Ellis, partner and senior equity analyst at Moffett Nathanson, joins 'The Exchange' to discuss earnings reports from payments providers, a shift towards digital payment, and the prevalence of fraud in online purchases.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYounger consumers are driving AmEx's revenue growth, says Moffett Nathanson's Lisa EllisLisa Ellis, MoffettNathanson analyst, joins 'The Exchange' to discuss the state of consumer spending, American Express' Q2 earnings report, and more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's big bet on OpenAI will be worth it, says Moffett's Sterling AutySterling Auty, Moffett Nathanson, joins 'Closing Bell' to discuss Microsoft ahead of its earnings report.
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