• Today, 10:22 AM
    • Bullish-leaning GameStop (GME -6.8%) analysts are sticking with their ratings, despite concerns over the company's core video game business.
    • Strength with the collectibles business and sizzling Nintento Switch demand helped the retailer top Q1 estimates, but conservative guidance has rattled some investors.
    • Expecting sequential improvement down the road - Baird (Outperform, $24 PT), Wedbush (Outperform, $25 PT) and Loop Capital (Buy, $28 PT) are all in with reiterated stances.
    • Source: Bloomberg
    • Previously: GameStop beats by $0.12, beats on revenue (May 25)
    • Previously: Wild swings for GameStop as guidance digested (May 25)
    Today, 10:22 AM | 2 Comments
  • Today, 9:10 AM
    Today, 9:10 AM
  • Yesterday, 5:35 PM
    Yesterday, 5:35 PM | 3 Comments
  • Yesterday, 4:59 PM
    • Shares of GameStop (NYSE:GME) are volatile in AH trading, swinging from a decent gain to a sharp loss after earnings were spilled.
    • During the quarter, new hardware sales increased 25% due to strong demand for the Nintendo Switch, but new software sales were down 8%.
    • Digital sales +3.0% to $44.1M.
    • Collectibles sales +39% to $115M.
    • GameStop expects full-year EPS of $3.10 to $3.40 vs. $3.32 consensus and comparable store sales growth to fall in a range of -5.0% to 0.0%.
    • Previously: GameStop beats by $0.12, beats on revenue (May 25)
    • GME -5.59% AH to $22.30.
    Yesterday, 4:59 PM | 9 Comments
  • Yesterday, 4:08 PM
    • GameStop (NYSE:GME): Q1 EPS of $0.63 beats by $0.12.
    • Revenue of $2.05B (+4.1% Y/Y) beats by $110M.
    • Shares -0.93%.
    • Press Release
    Yesterday, 4:08 PM | 49 Comments
  • Yesterday, 8:25 AM
    • Shares of Gamestop (NYSE:GME) fly in premarket trading after Best Buy cited strength in gaming sales in its earnings report.
    • Previously: Best Buy pops after U.S. results shine (May 25)
    • GME +5.64% premarket to $23.99.
    Yesterday, 8:25 AM | 9 Comments
  • Wed, May 24, 5:35 PM
    Wed, May 24, 5:35 PM | 10 Comments
  • Tue, May 23, 3:59 PM
    Tue, May 23, 3:59 PM | 22 Comments
  • Wed, Apr. 26, 10:39 AM
    • GameStop (GME +1.1%) announces that it received a limited supply of Nintendo Switch systems available immediately for customers. The units are only available at the company's stores.
    • “It's perfect timing to have additional Nintendo Switch units arrive just days before the launch of Mario Kart 8 Deluxe, one of the biggest and most loved games from Nintendo,” notes GameStop merchandising exec Eric Bright.
    • The flash sale isn't expect to last through the weekend.
    • Sales of the Nintendo (OTCPK:NTDOY) have dazzled so far, leading in part to Morgan Stanley resuming coverage on the stock with an Overweight rating.
    • "The Switch is proving to be very competitive, and we anticipate strong sales for core game titles, boosting our conviction in OP growth through F3/20," writes analyst Masahiro Ono.
    • "Near term, we think the stock will rise as sales trends for likely hit titles are factored in," he adds.
    • The impact of red-hot Nintendo Switch sales on GameStop's results will be a little clearer in about a month when the retailer reports earnings and updates guidance.
    • Previously: For a switch, videogame sales jump, thanks to Nintendo (April 20)
    • Source: Press Release
    Wed, Apr. 26, 10:39 AM | 21 Comments
  • Mon, Apr. 10, 2:44 PM
    • Piper Jaffray surveyed U.S. teenagers to see what's hot and what's not.
    • Positive trends were reported for Apple (previous coverage), Disney (NYSE:DIS) and Facebook (NASDAQ:FB) -- while Pandora Media (NYSE:P) and eBay (NASDAQ:EBAY) didn't hold up as well in this year's polling.
    • Food consisted of 24% of a teen's budget to top the 19% spent on clothes. Starbucks (NASDAQ:SBUX) and Chick-fil-A both held double-digit "mindshare" in the new survey. Chipotle (NYSE:CMG) snagged the third place position for favorite restaurant chain. Piper analyst Nicole Regan Miller says McDonald's (NYSE:MCD) remained "generally strong" - while Five Guys and Red Robin Gourmet Burgers (NASDAQ:RRGB) moved up.
    • Forget about fashion, say teens. Under Armour (NYSE:UA), Michael Kors (NYSE:KORS), Crocs (NASDAQ:CROX), The North Face (NYSE:VFC), Ralph Lauren (NYSE:RL), Fossil (NASDAQ:FOSL) and Vineyard Vines all lost relevancy compared to a year ago. In perhaps a surprise, Adidas (OTCQX:ADDYY) shot up over the last year in teen footwear mindshare in comparison to Nike (NYSE:NKE), scoring especially well with young women.
    • Heads up GameStop (NYSE:GME) as the highest percentage of teens ever said they plan to download games digitally.
    • Not a shocker to parents, but Netflix (NASDAQ:NFLX) topped out the list of favorite ways for a teen to consumer video and Snapchat (NYSE:SNAP) was the top ranking social media platform. Amazon (NASDAQ:AMZN) was the favorite website of a stunning 43% of all teenagers to easily outdistance second-ranking site Nike, which was named by 5%.
    Mon, Apr. 10, 2:44 PM | 98 Comments
  • Fri, Apr. 7, 1:06 PM
    • GameStop (GME +0.3%) is investigating a possible breach of its website, according to KrebsOnSecurity.com.
    • Sources indicate that hackers may have obtained customer credit card information.
    • A GameStop spokesperson says a leading security firm is investigating the issue.
    Fri, Apr. 7, 1:06 PM | 19 Comments
  • Fri, Mar. 24, 12:49 PM
    Fri, Mar. 24, 12:49 PM
  • Fri, Mar. 24, 9:29 AM
    • GameStop (NYSE:GME) is sized up by Wall Street after reporting holiday sales were ravaged by promotions within the industry. Not a complete surprise, but the company expects to close between 2% and 3% of its stores this year.
    • Bank of America Merrill Lynch (Neutral): Downgrades the retailer to Neutral from Buy as it considers the weak software lineup for this year. An increase in share buyback activity isn't anticipated.
    • Wedbush (Outperform, $25 PT): "We expect shares to trade at a compressed EPS multiple until GameStop slows the decline in its core video game business."
    • Baird (Outperform, $24 PT): Advises that "long-term/value-oriented" might be interested in buying on the pullback.
    • Telsey Advisory (Buy, $24 PT): Notes the FY18 EPS forecast is back-half weighted due to the timing of new software, hardware and iPhone 8 launch.
    • Macquarie: "Our concerns for 2017 are primarily with the video game side with GameStop's collectibles and mobile businesses progressing at a solid pace."
    • Sources: Business Insider, Bloomberg and StreetInsider.
    • GameStop is down 12.15% premarket to $21.05 vs. a 52-week trading range of $20.10 to $33.72.
    Fri, Mar. 24, 9:29 AM | 4 Comments
  • Fri, Mar. 24, 9:18 AM
    • XENE -47% on XEN801 failing to beat placebo.
    • MDGS -28% on secondary offering.
    • FINL -15% on Q4 earnings.
    • SPWH -13% Q4 earnings miss.
    • ADPT -11% on NYSE notice for delay in 10-K filing.
    • GME -11% on weak outlook.
    • CDOR -7% on secondary offering.
    Fri, Mar. 24, 9:18 AM
  • Thu, Mar. 23, 5:35 PM
    • Top gainers, as of 5.25 p.m.: MU +10.1%. HTGM +9.4%. QTNT +6.0%. WDC +3.0%. GLOG +3.0%.
    • Top losers, as of 5.25p.m.: GME -11.5%. SPWH -9.5%. MTW -4.8%. MYL -3.7%. CBS -2.0%.
    Thu, Mar. 23, 5:35 PM | 6 Comments
  • Thu, Mar. 23, 4:20 PM
    • GameStop (NYSE:GME) reports comparable sale fell 16.3% in Q4 amid what the company calls "weak" video game demand.
    • Comparable sales were down 20% in the U.S. during the quarter.
    • New hardware sales declined 29% and new software sales fell off 19%. Pre-owned sales dropped 6.7% to $680.6M to account for 22.3% of all sales vs. 20.7% last year.
    • A bright spot for GameStop in Q4 was the collectibles category, with sales up 28% Y/Y to $212M.
    • GameStop expects FY17 revenue of -2% to +2% and FY18 EPS of $3.10 to $3.40 vs. $3.72 consensus. "As we continue our transformation plan, we will also be focused on managing SG&A spend, rationalizing our global store portfolio, and maximizing free cash flow generation to drive shareholder value," says CEO Paul Raines.
    • Previously: GameStop beats by $0.09, misses on revenue (March 23)
    • Shares of GameStop are down 7.97% AH to $22.05.
    Thu, Mar. 23, 4:20 PM | 38 Comments