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GameStop Corp. (GME)

  • 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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  • Feb. 15, 2013, 7:06 AM
    Piper Jaffray reiterates its Overweight rating on GameStop (GME) amid a wide bullish sector call after taking in fresh NPD data. Software sales rose 1% Y/Y during January, although the firm notes that if the calendar effect is normalized the month actually showed a 19% decline.
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  • Feb. 13, 2013, 2:55 PM
    Highlights from GameStop's (GME +0.6%) presentation at the Goldman Sachs Technology and Internet Conference: 1) The company will close unprofitable stores at a faster pace than it opens new stores across the world. About 80% of the stores slated for closure will be in the U.S. 2) On used games, CFO Rob Lloyd says publishers still want the used game model because it puts cash back into customer hands. 3) GameStop says it will maintain its policy of returning 100% of free cash flow to investors through dividends and buybacks. 4) The product pipeline looks promising, particularly in Q3 with a new Grand Theft Auto release scheduled. (webcast)
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  • Feb. 12, 2013, 11:03 AM
    The rumor mill is active that Sony (SNE -2.3%) will delay the launch of the highly-anticipated The Last of Us game for the PlayStation 3. Though only a minor hiccup for Sony, the delayed launch could cool off expected traffic at GameStop (GME -2.7%) with the title being heavily promoted.
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  • Feb. 8, 2013, 10:19 AM
    Needham takes the long view on GameStop (GME +2.4%) as it forecast the company will see pressure from consumers drifting toward the digital downloading of games. Whether or not new gaming consoles from Sony and Microsoft actively block the ability for users to resell their games is less relevant than the overall trend toward digital, according to the firm.
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  • Feb. 6, 2013, 1:18 PM
    GameStop (GME -6.9%) is defended by both Piper Jaffray and SunTrust after a report from a gaming blog caught investors by surprise with its revelation that the next Microsoft Xbox console could limit the sale of used games. Both firms counter the argument, saying new consoles introduced this year will support used games and their introduction won't create as big of a market disruption as the original report indicates.Shares of GME are off lows, but still trade down with volume 3X normal activity.
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  • Feb. 6, 2013, 10:09 AM
    More on GameStop (GME -8.5%): A report from a gaming website cites sources who claim the next Microsoft gaming console will be committed to online functionality and not allow usage beyond the initial buyer. Though the Microsoft-related news hasn't been confirmed by the company, the potential read-through to GameStop's business model is enough to create a rush of sellers.
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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