Slow Sales Drive 3Q Miss for GameStop (GME); Baird Cuts Price Target to $46

Industry Weakness Leads to EPS Miss for GameStop (GME); Wedbush Cuts Price Target to $45

November 24, 2015 7:53 AM EST

Wedbush maintained an Outperform rating on GameStop (NYSE: GME), and cut the price target to $45.00 (from $55.00), following the company's 3Q earnings report. Halo 5 and Ubisofts Assassins Creed Syndicate underperformed expectations, and industry hardware sales did not accelerate after price cuts. Non-GAAP EPS... More

GameStop (GME) Underlying Trends Better Than Miss Shows - Sterne Agee CRT

November 24, 2015 7:34 AM EST

Sterne Agee CRT analyst, Arvind Bhatia, believes underlying trends at GameStop (NYSE: GME) are better than the $0.05 EPS miss in 3Q. The firm reiterated a Buy rating while lowering estimates and its price target to $41.00 (from $52.00).

Positives in the quarter include:

-GME held a 53% share of new PS4/Xbox One... More

GameStop (GME) Comments on EA's (EA) 'Star Wars: Battlefront' Not Consistent - Macquarie

November 23, 2015 2:17 PM EST

Electronic Arts (NASDAQ: EA) is down nearly 6% today after video game retailer GameStop (NYSE: GME) said sales of Star Wars: Battlefront were below its initial expectations, which were already recently lowered. However, analyst Ben Schachter from Macquarie noted "a very abrupt change of tone about the Star Wars title as GMEs conference call progressed."

"While in the... More

GameStop (GME) Misses Q3 EPS by 5c; Guides Q4 EPS Below Expectations

November 23, 2015 8:31 AM EST

(Updated - November 23, 2015 8:32 AM EST)

GameStop (NYSE: GME) reported Q3 EPS of $0.54, $0.05 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.15 billion.

Comps fell 1.1 percent.

GameStop reaffirmed FY2015... More

Wall Street falls after strong week; Pfizer and Allergan drag

November 23, 2015 7:38 AM EST

By Sinead Carew

(Reuters) - U.S. stock indexes closed slightly lower in a quiet trading day on Wall Street after last week's strong gains, while a big healthcare deal failed to impress investors on Monday.

Pfizer's (NYSE: PFE) announcement of what is expected to be the biggest-ever healthcare deal pushed its shares down 2.6 percent making it one of the biggest drags on the S&P. Target company Allergan (NYSE: AGN) closed 3.4-percent lower after the $160 billion deal announcement.

"Today was a dull... More

Trading Radar for 11/23: GameStop (GME), Brocade (BRCD), Trina Solar, Tyson Foods (TSN), Mallinckrodt (MNK) Report

November 21, 2015 2:19 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

GameStop (NYSE: GME) - consensus EPS $0.59
Jacobs Engineering (NYSE: JEC) - no Street... More