Target Corp. CEO Gregg Steinhafel Resigns and Activision Beats Analysts' Expectations
Target Corp. (NYSE: TGT) President and CEO Gregg Steinhafel has resigned from the company and also stepped down as chairman of the board. The move came several months after the company sudffered one of the biggest data breaches where the retailer has still yet to recover. The company's board is looking for a new CEO from an outside firm to replace Steinhafel.
Target Corporation operates general merchandise stores in the United States and Canada. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics that consist of video game hardware and software; apparel and accessories, such as apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
Get more information on Target Corp. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/TGT
TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.
Activision Blizzard, Inc. (NASDAQ: ATVI) reported first-quarter results that beat analysts' expectations. Despite reporting a 4% year-over-year decline in adjusted revenue to $772 million from $804 million, the company also reported record digital sales, which made up 68% of total revenue. Adjusted income rose to 19 cents a share compared to 17 cents a share in the same period one year earlier. Analysts were looking for earnings of 10 cents a share on revenue of $688.3 million, according to Thomson Reuters I/B/E/S.
Activision Blizzard, Inc. publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through three segments: Activision, Blizzard, and Distribution. The Activision segment develops and publishes interactive software products and content, as well as sells through retail channels and digital downloads. The Blizzard segment develops, hosts, and supports subscription-based massively multi-player online role-playing game; and develops, markets, and sells role-playing action and strategy games for the PC and iPad. It also maintains a proprietary online-game related service, Battle.net.
Get more information on Activision Blizzard, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ATVI
Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.
Tags: