GameStop Reports First Quarter Fiscal 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/26/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
GameStop (GME) PT Lowered to $8 at Macquarie
June 5, 2019 8:41 AM EDTMacquarie analyst Ben Schachter lowered the price target on GameStop (NYSE: GME) to $8.00 (from $11.00) while maintaining a Neutral rating.
GME cut its dividend to zero and outlined a high-level turnaround strategy.Mgmt.s plan is to reduce costs, optimize... MoreGameStop (GME) Tops Q1 EPS by 10c, Revs Miss; Eliminates Dividend
June 4, 2019 4:08 PM EDTGameStop (NYSE: GME) reported Q1 EPS of $0.07, $0.10 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.64 billion.
Consolidated comparable store sales decrease of 10.3% (10.2% in the U.S. and 10.4% internationally).
George Sherman, GameStops chief executive officer said, Since joining GameStop in April, I have been undertaking a thorough review of the business and working closely with the team to improve our operational and financial performance, address the challenges that have... More
