GameStop's view on profits disappoints, shares -12.7%

Shares of GameStop (GME) dive in early trading after the company's update on holiday sales and new guidance disappoints,

Comparable store sales rose 10.2% during the period on a 7.1% comp in the U.S., but most analysts forecast a better tally with the new video game consoles out this year.

The retailer sets its outlook on Q4 EPS to $1.85-$1.95 vs. $2.14 consensus.

GME -12.7% premarket

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Comments (3)
  • J Mintzmyer
    , contributor
    Comments (8874) | Send Message
    Readers and Seeking Alpha editors-- although my timing could have been better (i.e. in yesterday morning instead of yesterday afternoon), I called this one nearly 100%:



    Enormous call in the right direction: huge sales beat, earnings miss, stock crumbles.


    I've been here a long-time, and love the community. But a nod in this stocktalk would have been nice (and well deserved imo)... Who else called this?
    14 Jan 2014, 11:28 AM Reply Like
  • DBrooks22
    , contributor
    Comments (26) | Send Message
    Props to J Mintzmyer for calling GME perfectly. He's done some great work on a lot of companies.
    14 Jan 2014, 11:52 AM Reply Like
    , contributor
    Comments (4) | Send Message
    I made the mistake of shorting too early last summer . But held on and never covered because I knew today would happen eventually. Your articles helped keep me sane and kept me optimistic.
    14 Jan 2014, 01:57 PM Reply Like
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