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GameStop Corp. (GME)

  • Apr. 1, 2013, 2:00 PM
    Wedbush Securities backs its Outperform rating on GameStop (GME +6.4%) in a bullish note that calls out the strong game lineup slated for the back half of the year and the ample buyback firepower the retailer is sitting on. The investment firm's 12-month price target of $33 reflects a multiple of 9X GME's FY14 earnings estimate.
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  • Apr. 1, 2013, 10:41 AM
    Short sellers are having a tough day with a trio of their favorite targets as Tesla Motors, GameStop (GME +5%), and SodaStream (SODA +2.7%) all break higher. Tesla bulls are giddy with news of a profitable quarter while GameStop nabbed a price target increase from Baird and SodaStream continues to garner interest with the company's fundamentals looking stronger.
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  • Mar. 28, 2013, 1:37 PM
    Shares of GameStop (GME +7.4%) come roaring back from negative territory, seemingly helped in part by a rousing performance by execs on the firm's conference call. Pointing to new gaming console launches from Sony and Microsoft, the company sees strong growth in 2014 and 2015. They also highlight data showing a higher percentage of the company's consumers expect to buy a Playstation 4 in the next 12 months than a smartphone or tablet. (webcast)
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  • Mar. 28, 2013, 9:10 AM
    Premarket gainers: RPRX +75%. CTIC +14%. ONCY +8%. EXM +7%. DECK +6%. XONE +6%.
    Losers: TWO -8%. FIVE -7%. GME -5%.
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  • Mar. 28, 2013, 8:48 AM
    More on GameStop (GME): The retailer doesn't have a lot of good news to report despite beating earnings estimates. The first half of 2013 is expected to be "challenging" as GameStop waits out the release of Grand Theft Auto V and the launch of next-generation consoles in the back half. Same-store sales fell 4.6% during FQ4 and the company expects -6% to +1.5% comp sales for the new fiscal year.  FY2013 EPS guidance for $2.75-$3.15 stands below estimates. GME -5.7% premarket. (PR)
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  • Mar. 28, 2013, 8:38 AM
    Gamestop (GME): Q4 EPS of $2.16 beats by $0.07. Revenue of $3.56B beats by $0.1B. Shares -5.6% Premarket. (PR)
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  • Mar. 28, 2013, 12:05 AM
    Notable earnings before Thursday’s open: ACN, BBRY, CMC, FINL, GME, MOS
  • Mar. 27, 2013, 5:30 PM
    Notable earnings before Thursday’s open: ACN, BBRY, CMC, FINL, GME, MOS
  • Mar. 20, 2013, 2:52 PM
    Screenshot leaks for the next-gen Xbox's (MSFT) development kit indicate games will have to be installed onto the console's hard drive, and that the console will constantly be connected to the Web. This backs up a prior report indicating the next Xbox will prevent used games from being played. The Verge points out the screenshots are from 2012, and that Microsoft may have decided to support used games in the interim - with the PlayStation 4 supporting them, that's arguably the safe move. GameStop (GME +0.9%) shares don't seem affected by the report.
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  • Mar. 19, 2013, 12:29 PM
    Electronic Arts (EA -7.7%) is now seeing big losses, as the Street concludes its March quarter warning takes priority over John Riccitiello's resignation. Game developers Activision (ATVI -2%), Take-Two (TTWO -1.8%), Zynga (ZNGA -1.7%), and Glu Mobile (GLUU -6.8%) are also lower, as is retailer GameStop (GME -2.3%). EA's warning comes a few days after NPD provided more downbeat retail sales data for the industry to chew on, as aged consoles and a shift to mobile gaming continue taking a toll. (earlier)
  • Mar. 15, 2013, 8:16 AM
    GameStop (GME), Electronic Arts (EA), and Activision Blizzard (ATVI) are on watch after NPD reports videogame sales fell 25% Y/Y in February to extend a long downward trend in sales. Physical games only account for 50% of the market now.
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  • Mar. 5, 2013, 10:26 AM
    Microsoft won't block used games on its Xbox 720 console, according to Strategy Informer. Sources indicate the company never even considered the option with outlets such as GameStop (GME +2%) critical to sales. (Previous: MSFT console rumor)
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  • Feb. 26, 2013, 11:04 AM
    Valuations on retail companies have hit a sweet spot where boards can sign off on a deal and private equity firms can squeeze value out of their investments, according to Morningstar. With plenty of powder in the keg, look for P-E interest in retail to pick up. Possible targets: GME, AAP, ANF, CRI, CHS, GES.
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  • Feb. 21, 2013, 12:02 PM
    Sony (SNE -2.6%) continues to slump following its PlayStation 4 event. The company's failure to reveal pricing info or actual hardware has drawn criticism, and some aren't impressed with the graphics improvements relative to the PS3. AMD (AMD -4.1%), later confirmed as the PS4's CPU/GPU supplier, is also lower, and so is GameStop (GME -1.7%) - though Sony promised not to block used games, the PS4's support for on-demand purchases via Gaikai might be weighing on shares. Activision (ATVI +0.4%) is outperforming a bit after announcing Diablo III will be released for the PS4. (previous)
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  • Feb. 19, 2013, 8:43 AM
    GameStop Corp. (GME) declares $0.275/share quarterly dividend, 10% increase from prior dividend of $0.25. Forward yield 4.34%. For shareholders of record Mar. 05. Payable Mar. 19. Ex-div date Mar. 01. (PR)
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  • Feb. 15, 2013, 11:41 AM
    Activision (ATVI +1.7%) and Take-Two (TTWO +1.6%) are higher after Piper argues NPD's January data indicates the game developers continue to take share, and that U.S. physical retail video game sales were better-than-expected (even if they fell 19% Y/Y on a normalized basis). Activision's Call of Duty: Black Ops II was January's bestselling title, and Take-Two's NBA 2K13 came in at #4. Electronics Arts (EA -1.1%) and GameStop (GME -1.4%) are lower.
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Company Description
Gamestop Corp is a multichannel video game retailer. It sells new and pre-owned video game hardware, physical and digital video game software, accessories, as well as PC entertainment software, new and pre-owned mobile and consumer electronics products.
Sector: Services
Country: United States