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GameStop Corp. (GME)

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  • Oct. 12, 2012, 1:17 PM
    Another month, another round of dismal data from NPD about retail U.S. video game sales. Game console sales fell 39% Y/Y in September, the research firm estimates, while software sales fell 18%. One bright spot for Electronic Arts (EA): Madden NFL 13 unit sales were 11% higher than the year-ago sales of its predecessor (previous). Sterne Agee thinks new video game sales will fall just 5% in October, as new titles provide a lift.
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  • Oct. 4, 2012, 10:59 AM
    Channel checks by BB&T tip off that GameStop's (GME +3.2%) sales trends look positive, boosted by strong performances on iDevices and Android tablets. Shares of GME have been picked up steam this week with pre-orders for the Nintendo Wii U also reported to be high.
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  • Oct. 3, 2012, 1:52 PM
    Nintendo's (NTDOY.PK) Wii U appear to be selling like hotcakes with numerous outlets reporting to be out of stock already, well-ahead of a November 18th launch in the U.S. The news is highly relevant to GameStop (GME) as it sits on the crossroads of unofficially turning itself into an Apple product reseller if the new console doesn't help drive sales for its legacy business higher.
  • Sep. 28, 2012, 3:22 PM
    Goldman Sachs reiterates its Buy rating on GameStop (GME -0.2%) after meeting with execs. The biggest takeaway from the discussion was that Q4 should show improving trends for the retailer with new titles out and Nintendo launching its Wii U console.
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  • Sep. 21, 2012, 2:42 PM
    Retailers such as GameStop (GME -1.6%) and Wal-Mart report a strong response after they opened up their websites to preorders for the new Wii U console from Nintendo (NTDOY.PK). Though it sounds like good news, there are those who aren't totally convinced: 1) The company is adroitly managing its distribution channel to maximize buzz; 2) Manufacturing has been slow to start. Where are the leaked pictures of the long-awaited console?
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  • Sep. 7, 2012, 12:49 PM
    Stock buybacks are nice, but history suggests companies tend to do so just when profits (and the share price) are at their plumpest. Here are a few companies buying back shares trading at a discount to the market multiple: AET, DELL, HPQ, STX, WDC, LLL, NOC, GME.
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  • Sep. 4, 2012, 10:13 AM
    Shares of GameStop (GME +4.8%) get a lift from a strong upgrade by Goldman Sachs to Buy from Hold. The firm sees secular concerns already factored into GME's share price and calls EPS valuations too low with new console launches and share buybacks on tap.
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  • Aug. 31, 2012, 7:32 AM
    The key to survival for GameStop (GME), RadioShack (RSH) and Best Buy (BBY) is how quickly each retailer can evolve away from its old business model to find areas with positive margins, according to analysts. While all three firms see smartphones and tablets as the way out of the quicksand, they only earn profits if they can sell accessories and warranties along the way. Increasingly, analysts see online and digital as more viable channels for the brick-and-mortar retail players.
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  • 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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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