GameStop (GME) Posts Weak Holiday Sales; Shares Fall and Take Game Makers Lower
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Price: $18.04 +0.06%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
Revenue Growth %: +10.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
Revenue Growth %: +10.1%
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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.
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