arts

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Downgrades EA and Activision Blizzard Due to “Fortnite” Growth

Bank of America Merrill Lynch lowered its rating for both Electronic Arts (NASDAQ: EA) and Activision Blizzard (NASDAQ: ATVI) shares to neutral from buy due to the crowded holiday season and competition from Epic Games’ “Fortnite.”..

U.S. Arts and Craft Store, Michaels’ earnings fell below estimates

U.S. Arts and Craft Store, Michaels’ earnings fell below estimates

Michaels Companies, Inc. (NASDAQ: MIK) fell short early trading day on Tuesday, as earnings reported less than analyst estimates. According to their press release, Michaels reported a net sales of $1.16M, a decrease of 1.2% from Q1 2016. Operat..