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Stock Market & Financial Investment News

News Breaks
March 27, 2014
08:35 EDTGMEGameStop reports Q4 EPS $1.89, consensus $1.92
Reports Q4 revenue $3.68B, consensus $3.79B. Consolidated comparable store sales increased 7.8% compared to the prior year quarter. The growth in sales and comps was driven by the successful launches of Microsoft’s Xbox One and Sony’s PlayStation 4. Q4 net earnings included goodwill and asset impairment charges of $28.7M, or 20c per diluted share, primarily due to the closure of Spawn Labs and store asset impairments. The company also recorded a non-recurring benefit of $33.6M, or 18c per diluted share, from a change in accounting estimates primarily related to redemption rates in our PowerUp Rewards and other customer liability programs
News For GME From The Last 14 Days
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April 23, 2015
10:26 EDTGMEGameStop management to meet with BB&T
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April 17, 2015
07:15 EDTGMEMarch NPD video game software sales declined 3%, says Piper Jaffray
Piper Jaffray notes March NPD video game software sales declined 3% year-over-year, with major titles for the month including Electronic Arts' (EA) Battlefield Hardline, Bloodborne from Sony (SNE) and Take-Two's (TTWO) Grand Theft Auto V. Piper notes the monthly decline is the first in 2015, leaving the segment up 2% through the first three months combined. It keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts, GameStop (GME) and Take-Two.
April 16, 2015
07:21 EDTGMEGameStop estimates raised on stronger industry software sales at SunTrust
SunTrust says that video game software sales have finally turned positive, and the firm expects industry software sales to increase 3%-5% this year, given the momentum of the new hardware cycle and a better title lineup versus last year. SunTrust keeps a Buy rating on GameStop.
April 13, 2015
15:16 EDTGMEGameStop management to meet with Piper Jaffray
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