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GameStop Corp. Message Board

  • i_call_b_s i_call_b_s Nov 21, 2013 9:36 AM Flag

    Selloff irrational in my view

    From the press release in August:

    "....the company is increasing the lower and upper end of its previously announced full year diluted earnings per share guidance range of $2.90 to $3.15 to $3.00 to $3.20. Full year comparable store sales are expected to range from -3.5% to +1.5%."

    From the press release today:

    "...the company is increasing its previously announced full year diluted earnings per share guidance range of $3.00 to $3.20 to a new range of $3.08 to $3.25. Full year comparable store sales are expected to range from +1.5% to +4.5%."

    Analysts raised their estimates for this last quarter from $.47 to $.55 to $.56 to $.57 (a full $.02 over management's guidance) and GME still beat.

    I'm not sure why that kind of news sparks a selloff, but so be it.

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GME
40.38-0.82(-1.99%)Oct 1 4:01 PMEDT

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