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GameStop Corp. (GME)

  • Aug. 17, 2012, 2:27 PM
    Ascendation sees GameStop (GME +3.4%) as undervalued with strong cash flow and a boosted dividend likely to draw in investors. The firm is also believer in GameStop's digital and tablet initiatives as they add a few pennies to EPS estimates for FY12 - FY13. Also on the GME bandwagon: SA author J Mintzmyer is quick to point out the company is a buyout candidate, while Stelliam Investment notes few companies have managed adversity as well without being rewarded in the stock market.
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  • Aug. 16, 2012, 9:00 AM
    Shares of GameStop (GME) trade 2.2% higher despite the firm's double-digit loss in revenue over the last year. The company's transition to a digital player and hardware reseller is being closely watched, with today's report one of the first indications that new channels might boast strong margins as promised. It's still a long road ahead for the company with skeptics plentiful, so look for a spirited earnings call (webcast) today as execs take the hot seat.
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  • Aug. 16, 2012, 8:47 AM
    More on GameStop (GME): Global sales fell 11.1% Y/Y and comparable store sales decreased 9.3% on a dearth of new game releases. In non- channels, digital revenue increased 27% to $134M and sales of mobile devices reached $29M. Expects Q3 comparable store sales to fall between -10% and -5%. Forecasts Q3 EPS of $0.28-$0.36 and maintains its full-year EPS outlook of $3.10-$3.30. Shares +2.1% premarket. (PR)
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  • Aug. 16, 2012, 8:35 AM
    GameStop (GME): Q2 EPS of $0.16 beats by $0.01. Revenue of $1.55B (-% Y/Y) misses by $90M. Shares +0.9% premarket. (PR)
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  • Aug. 16, 2012, 12:05 AM
    Notable earnings before Thursday’s open: DANG, DLTR, GME, PRGO, ROST, SHLD, WMT
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  • Aug. 15, 2012, 5:30 PM
    Notable earnings before Thursday’s open: DANG, DLTR, GME, PRGO, ROST, SHLD, WMT,
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  • Aug. 13, 2012, 12:48 PM
    Goldman Sachs increases EPS estimates on GameStop (GME -0.5%) in front of this week's earnings report. In making the call, analysts are reading through Activision Blizzard's (ATVI -1.5%) strong retail sales in Q2 to see a boost in GameStop. Despite the potential for an earnings beat on slowing sales, the spotlight on the company looking forward is on if it can boost revenue with digital distribution, streaming, and smartphone/tablet sales.
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  • Aug. 10, 2012, 1:59 PM
    GameStop (GME +2.6%) trades higher with a Janney analyst out touting the possibility of a leveraged buyout of the retailer. The story with the name remains pretty much the same: How to cope a video game market going from physical to digital? Next week's earnings report will tip off how well initiatives into digital distribution, streaming, and smartphone/tablet sales are progressing.
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  • Aug. 8, 2012, 7:00 AM
    GameStop's (GME) Game Informer is now the nation's third most widely circulated magazine after cruising past Better Homes & Gardens. Circulation rose 37% over the last year to reach 8.2M.
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  • Jul. 11, 2012, 9:13 AM
    Shares of hhgregg (HGG) continue their freefall, now down 29.1%, following the retailer's sharp cut in guidance. While RadioShack (RSH) and Best Buy (BBY) are the obvious sympathy selloff plays - Aaron's (AAN), Conn's (CONN), and even GameStop (GME) could also get swept into the fray on concerns about the electronics market.
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  • Jun. 15, 2012, 9:14 AM
    Shares of Gamestop (GME) fall 2.9% premarket after data from NPD reveals U.S. retail sales of physical video games fell a steep 28% in May to $517M.
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  • Jun. 14, 2012, 7:03 PM
    U.S. retail video game industry sales fell 28% Y/Y in May to $516.5M, per NPD. That's just a little better than April's 32% drop. Software sales fell a "mere" 16% thanks to the strong reception for Activision's (ATVI) Diablo III (previous), but hardware sales fell 39% as the big-3 consoles continue to show their age. NPD notes there have been 27% fewer game releases YTD than there were at the same point last year, and thinks sales could pick up in 2H as new titles arrive.
  • Jun. 5, 2012, 11:33 AM
    Microsoft (MSFT +0.5%) starts a pilot program to offer Xbox subscriptions at Best Buy (BBY +3.8%) stores and select GameStop (GME +0.2%) outlets at the same $99 pricing plan found from its own stores. The move appears to be a bigger commitment from Microsoft to adapt the subscription-based model where it will make up subsidized up-front hardware costs over the long haul.
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  • May. 30, 2012, 12:05 PM
    GameStop (GME +5.1%) runs up an impressive gain after Sony (SNE -3.2%) rejects an online-only game console for its next model. Sony say it plans on a 2013 release for the next-generation PlayStation.
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  • May. 29, 2012, 11:24 AM
    GameStop (GME +2.2%) says it will carry Android tablets at over 1.6K stores in the U.S. as part of a sweeping plan to become relevant outside the video gaming market with a large slate of tablet offerings including refurbished iPads.
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  • May. 29, 2012, 9:03 AM
    GameStop (GME) catches some flak over its plan to have customers who sign up for a subscription to Game Insider default to the digital format of the publication. The magazine has grown to claim one of the largest print circulations in the industry.
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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