On Friday, Shares of Orexigen Therapeutics, Inc. (NASDAQ:OREX), gained 5.15% to $2.45.
Orexigen Therapeutics, declared that administration will take part in a fireside chat negotiation at the Piper Jaffray 27th Annual Healthcare Conference in New York. The negotiation is planned for Wednesday, December 2, at 8:00 a.m. Eastern Time.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity. It has a partnership agreement with Takeda Pharmaceutical Company Limited to develop and commercialize Contrave in Canada and Mexico.
Shares of GameStop Corp. (NYSE:GME), declined -1.80% to $35.98, during its last trading session.
GameStop Corp., stated sales and earnings for the third quarter ended October 31, 2015.
Q3 2015 Financial Summary
Total global sales reduced 3.6% to $2.0 billion (a 1.2% improvement in constant currency) and merged global comparable store sales declined 1.1% (-1.7% in the U.S. and +0.3% internationally). Foreign currency exchange rate changes negatively influenced sales by about $100 million and earnings per share by $0.02.
In the new video game segments, new hardware sales declined 20.4% (a 15.4% decrease in constant currency), while new software sales reduced 9.3% (a 4.2% decrease in constant currency) due to the tough overlap of Destiny and Super Smash Bros. in Q3 2014.
Pre-owned sales raised 0.6% (a 4.9% improvement in constant currency) driven by growth in PlayStation 4 and Xbox One pre-owned sales. Not Taking Into Account the impact of foreign currency changes, this is the seventh successive quarter of positive pre-owned growth.
Technology Brands revenues raised 64.2%, driving a 31.1% sales improvement (a 31.7% improvement in constant currency) in the Mobile and Consumer Electronics category. Overall, this category contributed 14.0% of the company’s third quarter gross profit dollars, with an 81.2% improvement in gross profit dollars. During the quarter, 105 new Technology Brands stores were opened and/or attained.
Sales in the Other category grew 60.8% (a 69.8% improvement in constant currency), driven by a nearly 400% sales improvement of collectibles merchandise. Sales of collectibles merchandise, counting Think Geek, are on track to reach the company’s aim of $300 million in fiscal 2015. Collectibles also drove 150 basis points of margin expansion in the Other category.
Non-GAAP digital receipts raised 8.7% (a 13.8% improvement in constant currency) to $228.6 million, driven by sales of Destiny: The Taken King. GAAP digital sales totaled $40.0 million in the quarter. Based on year-to-date results, the digital category is on track to surpass $1 billion in receipts in fiscal 2015.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
Finally, Shares of State Street Corp (NYSE:STT), ended its last trade with -0.03% loss, and closed at $72.80.
State Street Corporation, declared that its CEO of Europe, the Middle East and Africa (EMEA), Jeff Conway, will present at the 2015 Goldman Sachs US Financial Services Conference on Tuesday, December 8, 2015 at 8:00am EST.
State Street Corporation provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, counting custody; product- and participant-level accounting; daily pricing and administration; master trust and master custody; record-keeping; cash administration; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; and performance, risk, and compliance analytics.
