GameStop (GME) Posts Weak Holiday Sales; Shares Fall and Take Game Makers Lower
Tweet
Share
E-mailGet Alerts GME Hot Sheet
Price: $10.93 +7.58%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: +64.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: +64.3%
Join SI Premium – FREE
Video game makers are a little weaker following weaker-than-expected holiday results from GameStop Corp. (NYSE: GME).
GameStop said 2012 Holiday sales fell 4.6 percent and the company is narrowing its comparable store sales range for the fourth quarter to -7.0% to -4.0% and the full year to -9.0% to -7.5%.
GameStop is down 8%, Electronic Arts (NYSE: EA) is down 1% and Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive (Nasdaq: TTWO) are indicated to open mildly lower.
GameStop said 2012 Holiday sales fell 4.6 percent and the company is narrowing its comparable store sales range for the fourth quarter to -7.0% to -4.0% and the full year to -9.0% to -7.5%.
GameStop is down 8%, Electronic Arts (NYSE: EA) is down 1% and Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive (Nasdaq: TTWO) are indicated to open mildly lower.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AGBA Group Holding (AGBA) selling off into close, down over 17%
- PENN Entertainment (PENN) Climbs after Hedge Fund Greenlight Takes Stake
- Rubrik (RBRK) Prices 23M Share IPO at $32/sh, Above Indicated $28-$31/sh Range - Reuters
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
