Piper Jaffray Downgrades GameStop (GME) to Neutral
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GameStop Announces Preliminary Third Quarter 2016 Results
November 2, 2016 9:01 AM EDTGRAPEVINE, TX -- (Marketwired) -- 11/02/16 -- GameStop Corp. (NYSE: GME), a global family of specialty retail brands that makes the most popular technologies affordable and simple, today announced selected estimated preliminary financial results for the third quarter and updated full year 2016 guidance.
Based on sales trends of recently released new video games as well as the current sell-thru rate of new video game hardware, GameStop expects to report third quarter 2016 revenue of approximately $2.0 billion, resulting in comparable store sales of -7.0% to -6.0% and third quarter diluted earnings per share estimated to be... More
