GameStop (GME) Misses Q4 EPS by 3c; Guides FY14 Profit Below Consensus
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Price: $10.93 --0%
EPS Growth %: +64.3%
Financial Fact:
Operating earnings: 98.8M
Today's EPS Names:
UXIN, TOWN, NRIM, More
EPS Growth %: +64.3%
Financial Fact:
Operating earnings: 98.8M
Today's EPS Names:
UXIN, TOWN, NRIM, More
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(Updated - March 27, 2014 8:36 AM EDT)
GameStop Corp. (NYSE: GME) reported Q4 EPS of $1.90, $0.03 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $3.68 billion versus the consensus estimate of $3.79 billion.
Consolidated comparable store sales increased 7.8% compared to the prior year quarter. The growth in sales and comps was driven by the successful launches of Microsoft’s Xbox One and Sony’s PlayStation 4.
The company guided for Q4 EPS of $1.85 to $1.95 with its FY13 holiday sales update last January.
Paul Raines, chief executive officer, stated, “The launch of new consoles in 2013 marked the return of innovation to the video game category and GameStop's market share increased to an all-time high. Our emerging digital and mobile businesses, which did not exist three years ago, surpassed $1 billion of revenue. As we push forward into 2014, both the re-energized video game category and our new Technology Brands business unit provide us with solid growth opportunities in the consumer electronics and wireless markets.”
The company sees Q1 2014 EPS of $0.55 - $0.60, versus the consensus of $0.53. Sees sales up 7 to 10 percent and comps up 5 to 8 percent.
The company also sees FY2014 EPS of $3.40 - $3.70, versus the consensus of $3.76. Sees sales up 8 to 14 percent and comps up 6 to 12 percent.
For earnings history and earnings-related data on GameStop Corp. (GME) click here.
GameStop Corp. (NYSE: GME) reported Q4 EPS of $1.90, $0.03 worse than the analyst estimate of $1.93. Revenue for the quarter came in at $3.68 billion versus the consensus estimate of $3.79 billion.
Consolidated comparable store sales increased 7.8% compared to the prior year quarter. The growth in sales and comps was driven by the successful launches of Microsoft’s Xbox One and Sony’s PlayStation 4.
The company guided for Q4 EPS of $1.85 to $1.95 with its FY13 holiday sales update last January.
Paul Raines, chief executive officer, stated, “The launch of new consoles in 2013 marked the return of innovation to the video game category and GameStop's market share increased to an all-time high. Our emerging digital and mobile businesses, which did not exist three years ago, surpassed $1 billion of revenue. As we push forward into 2014, both the re-energized video game category and our new Technology Brands business unit provide us with solid growth opportunities in the consumer electronics and wireless markets.”
The company sees Q1 2014 EPS of $0.55 - $0.60, versus the consensus of $0.53. Sees sales up 7 to 10 percent and comps up 5 to 8 percent.
The company also sees FY2014 EPS of $3.40 - $3.70, versus the consensus of $3.76. Sees sales up 8 to 14 percent and comps up 6 to 12 percent.
For earnings history and earnings-related data on GameStop Corp. (GME) click here.
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