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GameStop Corp. Message Board

  • dusa1957 dusa1957 Mar 30, 2012 6:34 PM Flag

    Zacks rates BUY on March 29

    "GameStop delivered better than expected fourth quarter results on March 22. Adjusted earnings per share came in at $1.73, beating the Zacks Consensus Estimate by a penny. It was a solid 10% increase over the same quarter in 2010.

    Total sales for the quarter were $3.58 billion, down 3% from the same quarter in 2010. This was driven by a 3.6% decline in same-store sales.

    Sales increases in both New Video Game Software and Used Video Game Products were more than offset by a decline in New Video Game Hardware.

    Meanwhile, GameStop's overall gross profit margin expanded from 24.5% to 26.4% of sales.

    Estimates Rising

    Management provided an encouraging outlook for 2012, stating that it expects operating earnings growth based on 'the continuation of our transformation, led by our strong pre-owned business, expanding digital offerings and emerging mobile categories.' "

    http://finance.yahoo.com/news/gamestop-corp-gme-zacks-rank-050025245.html

 
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