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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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July 30, 2014
11:47 EDTGMESony turned down participating in 'EA Access' program, Game Informer reports
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09:31 EDTGMEGameStop should be bought on weakness, says BB&T
BB&T thinks Electronics Arts' (EA) subscription deal with Microsoft (MSFT) is a non-event for GameStop (GME). The firm sees the decline in Electronic Arts as an overreaction and keeps a Buy rating on the shares.
06:05 EDTGMEEA service to not impact GameStop for several years, says Piper Jaffray
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July 29, 2014
15:42 EDTGMEElectronic Arts is not a competitive threat to GameStop, says SunTrust
15:03 EDTGMEGameStop to benefit from Electronic Arts' new service, says Stifel
Stifel said GameStop (GME) has plans to sell Electronic Arts' (EA) new service in its stores and does not expect any short-term impact for the company.
14:35 EDTGMEGameStop pullback on Electronic Arts news overdone, says B. Riley
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13:58 EDTGMEGameStop turns negative after EA announces subscription game service
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July 22, 2014
12:42 EDTGMEGameStop teases 'big announcement' for tomorrow
On its official corporate Twitter feed, GameStop announced it has a "Big announcement coming tomorrow" along with a pixelated obscured image. Reference Link
July 18, 2014
07:22 EDTGMETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:38 EDTGMEJune NPD video game software sales fell 3%, says Piper Jaffray
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July 17, 2014
09:27 EDTGMEGameStop valuation compelling, says BofA/Merrill
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