This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Facebook Pops, 3D Systems Drops: Tech Winners & Losers

NEW YORK ( TheStreet) -- Facebook (FB - Get Report) shares closed higher, tacking on 6.15% to finish at $37.61 following the announcement the company begin promoting and publishing mobile games.

In the new pilot program, called Mobile Games Publishing, the company will take a direct role in promoting small- and medium-sized games. In return for a cut of the games' revenue, Facebook will provide its own unique resources, such as advertising directly targeted to Facebook's 819 million mobile users.

"We are invested in the success of these games, and in exchange for a revenue share, we will be collaborating deeply with developers in our program by helping them attract high-quality, long-term players for their games," Facebook wrote in a blog post on Tuesday.

In last week's second quarter earnings, payments revenue increased 11% from the same quarter 2012. Games made up 7% of that revenue.

Separately, Bloomberg reported Facebook is planning to sell television style ads on its website for $2.5 million each, as the company seeks ways to increase advertising revenue. Facebook declined to comment on the report.

3D Systems (DDD - Get Report) shares closed lower, falling 4.87% to wind up at $48.06 following disappointing second quarter earnings.

Despite nearly doubling R&D expenditures and higher market spending, revenue from print materials rose only 11.8% percent, to $29.3 million. Revenue for the entire quarter was $120.8 million, a rise of 45% year-over-year, earning 20 cents per share. Analysts polled by Thomson Reuters were looking for earnings of 24 cents per share on $114.5 million in sales.

Nonetheless, CEO Avi Reichental sounded an optimistic note, noting record revenue and expanded gross profit margin. "We believe that our effective advanced manufacturing and consumer growth initiatives are fueling our growth. We are experiencing heavy demand for our advanced manufacturing and consumer solutions and expect to continue to benefit from accelerated adoption of our products and services that is driven by our customers' robust R&D and manufacturing spending worldwide," Reichental said in the earnings release.

Shares of Multimedia Games (MGAM) finished higher Tuesday, gaining 11.02% to close at $33.95 following strong earnings.

The manufacturer of casino machines reported earnings of 28 cents per share, up from 19 cents in the year ago period, beating estimates of 24 cents per share. Revenue came in at $48.1 million, slightly ahead of the $47.04 million analysts were expecting.

Patrick Ramsey, President and Chief Executive Officer of Multimedia Games, noted the company continues to create games that resonate with its customers. "Our record quarterly revenue and overall strong financial performance reflects our ongoing success in creating great games that resonate with customers," Ramsey said in the earnings release. "We continue to expand the Company's total addressable market while simultaneously achieving growth in existing markets. We delivered quarterly revenue of over $48 million as we deployed over 1,000 new revenue units for the fourth consecutive quarter, with products placed in 21 states, and generated operating margins that continue to be at the high end of our industry peer group, coming in at 29.1% of revenues."

-- Written by Laura Berman in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DDD $13.58 -6.41%
FB $117.81 -0.21%
MGAM $36.44 -0.03%
AAPL $93.24 -0.41%
GOOG $701.43 0.82%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs