Sony Corporation (NYSE:SNE) Attempt At Being Netflix For Games Will Be Discontinuing Support For A Host Of Devices

Shares of Sony Corporation (NYSE:SNE) has price volatility of 0.72% in last 5 days trading session, while shares of firm closed at $31.63 are knocking down -0.16% in last session. PlayStation Now, Sony’s attempt at being Netflix for games will be discontinuing support for a host of devices. These include the company’s own PS3 and PS Vita consoles, as well as Samsung TVs.

“After thoughtful consideration, we decided to shift our focus and resources to PS4 and Windows PC to further develop and improve the user experience on these two devices. This move puts us in the best position to grow the service even further,” wrote PlayStation Now’s Senior Marketing Manager Brian Dunn on the official PlayStation blog. While Sony has not reported plans to launch the service in markets like India, it has been rumored that the company had been making enquiries into the feasibility of such an endeavour in the past. Needless to say, until the Internet infrastructure truly catches up, it’s a far cry from reality. Shares price moving up from its 20 days moving average with 1.95% and isolated positively from 50 days moving average with 6.43%.

How Sony Corporation tops analysts views after bullish guidance? Find Out Here

Stocks of Zoetis Inc. (NYSE:ZTS) shows active performance, dropped -0.22% to trade at $55.02as Zoetis Inc. (ZTS) declared fourth-quarter profit of $154 million.The Parsippany, New Jersey-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 47 cents per share.The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The animal health company posted revenue of $1.28 billion in the period, matching Street forecasts.For the year, the company declared profit of $821 million, or $1.65 per share. Revenue was declared as $4.89 billion.Zoetis expects full-year earnings in the range of $2.26 to $2.36 per share, with revenue in the range of $5.1 billion to $5.23 billion. The Company showed a positive 14.10% in the net profit margin and in addition to its operating margin, which remained 21.80%.

Most exciting investors analysis over ZTS performance this year? Find Inside Facts Here

Annaly Capital Management, Inc. (NYSE:NLY) knocks down -1.13% to close at $10.46 with the total traded volume of 6.46 Million. Annaly Capital Management, Inc. (NLY) reported its financial results for the quarter and year ended December 31, 2016.“The fourth quarter of 2016 was yet another period of historically high market volatility with interest rate levels rising meaningfully and credit spreads contracting importantly,” commented Kevin Keyes, Chief Executive Officer and President.

“Once again, amidst this uncertainty, Annaly delivered stable core earnings and dividends producing an attractive return on equity for our shareholders. In addition, the effectiveness of our diversification and hedging strategies contributed to our book value for the quarter outperforming expected changes despite the pronounced sell-off in the fixed income markets.“2016 was also a year of notable milestones for Annaly in which we continued to expand our four complementary business platforms into 25 investment options, completed the largest mortgage REIT acquisition in history and delivered a $0.30 per share dividend for the 13th consecutive quarter.

Can Annaly Capital Management, Inc. breaks its Bearish streak After this ratings upgrade? Find Inside Facts Here

 

Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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