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Videogame Stock Roundup: Pokemon Go Earns $200M, Microsoft Buys a Live Streaming Start Up

Last week, media reports stated that Nintendo’s Pokémon Go has earned over $200 million in revenues in its first month of release. Microsoft MSFT snapped up a live streaming start up to make it easier for Xbox users to live stream gaming sessions.

On the earnings front, we are almost at the end of the second quarter earnings cycle with just a few results awaited. Last week we had SINA Corp SINA reporting its quarterly results.

A Recap of the Developments

1. SINA Corp reported second-quarter 2016 adjusted earnings of 6 cents per share, which was way better than the Zacks Consensus Estimate of a loss of 1 cent and loss of 19 cents reported in the year-ago quarter. Net revenue of $244 million also topped the consensus mark of $230.4 million while growing 14.2% year over year. SINA also upgraded its revenue outlook for the year. The company expects 2016 revenues to be in the range of $950 million to $1 billion compared with the earlier projected range of $850 million to $950 million.

2. Nintendo’s super successful game Pokémon Go has attained a massive feat, earning over $200 million in cumulative revenues in the first month of release, as per media reports. Its release...