ATVI & TTWO Pressure On Earnings & SWKS Announces Buyback

Pinterest (PINS) slides after the company missed on revenue and also provided weak Q1 guidance. Take-Two (TTWO) also missed on earnings and provided guidance that significantly missed the market’s expectations. The CEO says “We are seeing pressure on our format”. The company also announced cost reduction measures in hopes of saving $50 million annually. Activision Blizzard (ATVI) missed on earnings but sales of Call of Duty: Modern Warfare exceeded expectations. The company is still working with Microsoft (MSFT) to complete the previously announced acquisition. The company states Microsoft “continuing to engage with regulators” to get the deal done by June 30th. Caroline Woods and Kevin Green recap this news. Tune in to find out more about the stock market today.