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Stock Market & Financial Investment News

News Breaks
January 30, 2013
11:11 EDTGME, NTDOYWii U weakness largely priced into GameStop, says Piper Jaffray
Piper Jaffray notes that Nintendo (NTDOY) this morning announced the sale of 3.06M Wii U consoles through December 2012, but said it expects only an additional 1M units sold for the March quarter. To reflect lower hardware sale assumptions, Piper lowered its FY13 earnings estimate for GameStop (GME) to $3.27 from $3.30. However, the firm believes lower than expected Wii U expectations are largely priced into GameStop shares at current levels. The firm keeps a Neutral rating on the stock.
News For GME;NTDOY From The Last 14 Days
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December 18, 2014
10:00 EDTGMEGameStop offers holiday deals on Call of Duty, Xbox One, Gamespot reports
GameStop announced yesterday a number of deals on games and hardware, including Activision's (ATVI) Call of Duty: Advanced Warfare being offered for $40 and a $50 gift card being offered with all new Xbox One (MSFT) purchases, reported video game blog Gamespot. Reference Link
December 12, 2014
05:38 EDTGMENovember NPD video game software sales fell 2%, says Piper Jaffray
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December 11, 2014
19:50 EDTGMENovember new video game sales up 14% from last year, Game Informer says
November sales of newly launched video games rose 14% from the same period last year, but overall software sales were down 2%, according to Game Informer, citing NPD data. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Reference Link

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