GameStop (GME) Falls After Lowering Guidance
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Price: $18.20 +0.89%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: -24.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
EPS Growth %: -24.0%
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In the early market, Gamestop (NYSE: GME) is trading down 8% to $23.16 after reporting poor guidance.
For fiscal 2009, GameStop lowered its diluted earnings per share guidance from the previously communicated range of $2.83 to $2.93 to a range of $2.40 to $2.64, representing annual EPS growth of flat to +10% versus consensus of $2.76.
GameStop is likely having a hard time competing as consumers are looking to save money and, therefore, less likely to spend money on games.
For fiscal 2009, GameStop lowered its diluted earnings per share guidance from the previously communicated range of $2.83 to $2.93 to a range of $2.40 to $2.64, representing annual EPS growth of flat to +10% versus consensus of $2.76.
GameStop is likely having a hard time competing as consumers are looking to save money and, therefore, less likely to spend money on games.
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