News and analysis of Internet stocks. No buy or sell recommendations. Provided by Seeking Alpha for professional investors.
Visit SeekingAlpha Internet Stocks
Even Grand Theft Auto IV Couldn't Save April for Videogames
Posted on May 16, 2008
Video game software stocks are under some selling pressure todayafter industry tracker NPD reported April sales that came up short ofsome estimates.NPD said video game software sales grew 68% year over year in the quarter. Pacific Crest s Evan Wilsonthis morning writes that he had had expected 120% growth. Results forApril are much lower than we had expected across the board, and otherforecasts we have seen are not far from our expectations, he wrote. Although the data has been incorrect in the past, we checked with NPDand they said they have no reason to believe the current data isi...
Original article link
Subscribe to SeekingAlpha Internet Stocks