Results Round-up

LONDON (ShareCast) - Keywords Studios (LSE: KWS.L - news) , a technical services provider to the global video games industry, more than doubled revenues last year thanks to a strong portfolio of new acquisitions. Revenues jumped 130% to €37.3m, while profits were up 197% to €3.1m, which led earnings per share to more than double from 2.14c to 4.94c.

Despite a reduction in volume from a major client, localisation testing operations grew by 58% to €14.66m, while translation activities revenues increased by 125% to €11.97m.

The acquisition of Soho-based gaming voiceover provider Liquid Violet and Japanese gaming localisation rival Binari Sinori drove its audio division revenues soaring from €1.23m to €5.08m.

The company is confident that the use of smartphones as gaming platforms and more powerful processors and larger storage capabilities in next generation consoles will help the division to grow.

American lender Wells Fargo (Hanover: NWT.HA - news) reported a drop in first quarter profits though the lender managed to grow revenues by 3% to $21.3bn.

On Tuesday, San Francisco-based Wells Fargo bank reported a drop in first quarter profits to $5.8bn, or $1.04 a share, from $5.9bn, or $1.05 a share, in the year ago quarter. Revenues however rose 3% to $21.3bn.

Mortgage originations were $49bn in the quarter, up from $44bn in the fourth quarter. That's a reflection of more homeowners borrowing and refinancing existing loans on the back of falling mortgage rates.