|Day's Range||22.73 - 23.67|
|52 Week Range||20.10 - 32.67|
|PE Ratio (TTM)||6.95|
|Dividend & Yield||1.52 (6.32%)|
|1y Target Est||N/A|
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The Grapevine, Texas-based company benefited from robust demand for the newly launched Nintendo Switch console in the first quarter ended April 29, helping offset a decline in sales of videogames. A lack of insight into shipments of Nintendo's latest gaming device for the rest of the year held GameStop back from raising its full-year forecast, Chief Financial Officer Robert Lloyd said in an interview.
The Nintendo Switch saved GameStop’s quarter, as expected, but strong performance there didn’t blind investors against the problems elsewhere in the company. GameStop beat Wall Street’s estimates for both revenue and earnings, after reporting strong hardware sales, mainly due to the Switch. Sales of pre-owned games also declined, a particular area of concern since they’re a highly profitable part of GameStop’s business.