GME - GameStop Corp.
| Previous Close | 4.5800 |
| Open | 4.6200 |
| Bid | 4.2500 x 3200 |
| Ask | 0.0000 x 4000 |
| Day's Range | 4.3700 - 4.7700 |
| 52 Week Range | 3.1500 - 16.9000 |
| Volume | 7,445,998 |
| Avg. Volume | 7,259,144 |
| Market Cap | 398.918M |
| Beta (3Y Monthly) | -0.07 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -10.6640 |
| Earnings Date | Nov 27, 2019 - Dec 2, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2019-03-14 |
| 1y Target Est | 5.07 |
- Yahoo Finance Video
Gamestop slashes guidance after weak quarter
Videogame retailer, GameStop, posted a wider loss than expected and weak revenue in its second quarter earnings report. It also slashed its sales forecast for the rest of 2019. Yahoo Finance's Dan Roberts, Heidi Chung and Kristin Myers discuss.
- Yahoo Finance Video
Gamestop tumbles on earnings miss, cuts sales forecast
Shares tumbling after the company reported 2nd quarter earnings and sales that missed expectations. Gamestop also lowered its same-store sales forecast. Yahoo Finance's Ines Ferre joins Akiko Fujita to discuss.
- Yahoo Finance Video
Companies to Watch: Disney faces off against AT&T, GameStop slashes guidance, Amazon looks to cut delivery times
Disney, AT&T, GameStop, Amazon, Purdue Pharma and Charles Schwab are the companies to watch.
- Zacks
Zumiez, Vista Outdoor, GameStop, Microsoft and Sony highlighted as Zacks Bull and Bear of the Day
Zumiez, Vista Outdoor, GameStop, Microsoft and Sony highlighted as Zacks Bull and Bear of the Day
- Thomson Reuters StreetEvents
Edited Transcript of GME earnings conference call or presentation 10-Sep-19 9:00pm GMT
Q2 2019 GameStop Corp Earnings Call
- Zacks
GameStop Reports Another Dismal Quarter: How Can the Company Reinvent Itself?
GameStop (GME) shares have been sliding after the video game retailer reported disappointing Q2 earnings after the closing bell on Tuesday.
- GuruFocus.com
Michael Burry Scores Pyrrhic Victory
Tailored Brands amends capital allocation policy and scraps dividend in favor of buybacks and debt reduction Continue reading...
- InvestorPlace
Up to 200 GameStop Stores Closing in 2019
News about GameStop stores closing is spreading follow the release of the company's earnings report for its fiscal second quarter of 2019.Source: Emil O / Shutterstock.com GameStop (NYSE:GME) says that it will be closing down between 180 and 200 stores by the end of its fiscal year. These are under performing stores for the chain and it hopes to strengthen the company by closing them down.The plan for GameStop stores closing is part of a larger effort for GME. This is what the company is calling its GameStop Reboot. The goal is to shift the company to become a cultural center for gaming while also rationalizing its store count and build up a digital platform.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGameStop stores closing might not be a bad thing for the company. As more customers turn to online shopping and digital purchases, it's hard to argue that the chain needs to have 5,700 stores across the world. Especially when many of its stores are within a short distance of each other. * 10 Battered Tech Stocks to Buy Now "While we experienced sales declines across a number of our categories during the quarter, these trends are consistent with what we have historically observed towards the end of a hardware cycle," Jim Bell, CFO of GameStop, said in a statement. "We will continue to manage the underlying businesses to produce meaningful cash returns, while maintaining a strong balance sheet and investing responsibly in our strategic initiatives."GME stock was down 1% as of Thursday afternoon and is down 64% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Up to 200 GameStop Stores Closing in 2019 appeared first on InvestorPlace.
- American City Business Journals
GameStop on track to shutter 180 or more stores
GameStop Corp. says that it's on track to close between 180 and 200 underperforming stores globally be the end of its fiscal year.
- American City Business Journals
GameStop on track to close 200 stores this year
Video game retail chain GameStop is struggling, and as a result, it is in the process of closing hundreds of locations. In a quarterly earnings call with investors on Tuesday, Chief Financial Officer Jim Bell said the chain is on track to shutter 180 to 200 stores globally by the end of 2019. Notably, a part of that 11 percent comparable store sales decline is because of the 195 store closures since the second quarter of 2018.
- Benzinga
'Limited Scope, Time To Stage A Turnaround': GameStop Analysts React To Difficult Q2
GameStop Corp. (NYSE: GME) continues to have a difficult year after reporting a second-quarter earnings miss Tuesday. Credit Suisse analyst Seth Sigman said in a Wednesday note that the retailer still has plenty to prove, and it's going to take more than a new cycle of new consoles from Playstation and Xbox.
- Market Realist
Why Is GameStop Stock Sinking Today?
Shares of GameStop (GME) have slipped close to 9% in early market trading today. The stock is trading at $4.6 per share, 68% below its 52-week high.
- Barrons.com
Here’s Why Wall Street’s Only Bullish GameStop Analyst Is Still Optimistic
The outlook for videogame retailer GameStop continues to darken. Some investors still see reasons to think things can improve.
- Zacks
GameStop (GME) Stock Down on Wider-Than-Expected Q2 Loss
GameStop (GME) posted lower-than-expected second-quarter results. The company has been grappling with sluggish sales at its stores.
- Bloomberg
GameStop Tumbles After Forecast Falls Short of Predictions
(Bloomberg) -- GameStop Corp. fell as much as 22% after the struggling video-game retailer posted a wider second-quarter loss and issued a forecast that was far below analysts’ estimates.Comparable-store sales, a key measure of performance, will slump in the low teens this year, GameStop said Tuesday, more than an earlier forecast of 5% to 10%.Shares of GameStop plunged as low as $3.97 in New York trading Wednesday, close to the low they hit in extended trading after the report Tuesday. Even after a recent rally, the stock was down 60% this year through Tuesday’s close.The retailer has lost business as gamers increasingly purchase titles online, and the once-lucrative business of selling used titles dried up. This year, the company forecasts profit of $1.15 to $1.30 a share, excluding some items. That compares with Wall Street estimates of $1.57.Last year, GameStop’s board reversed course on a decision to diversify into mobile-phone sales, unloading a chain of stores for $700 million. The company’s new chief executive officer, George Sherman, has promised to refocus on the core video-game business through such steps as redesigning the website and sponsoring esports events in stores. He joined the company in April.GameStop eliminated its dividend in June and renewed its focus on cost controls. Savings from expense reductions could add as much as $200 million annually, twice original projections, GameStop said. The company eliminated 14% of its corporate staff last month.Management has sought to bolster the stock through share repurchases, including a tender for 12 million shares in July at $5.20 each. The Grapevine, Texas-based retailer said it has about $237 million remaining under its existing buyback authorization.(Updates with shares in third paragraph.)To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TheStreet.com
[video]GameStop Stock Clings to Vital Support as Worries Mount
GameStop stock is trading lower after yet another disappointing quarter. However, GME stock is holding a key level of support.
- Investing.com
Stocks - GameStop, Tilray Fall Premarket; Apple, Micron Rise
Investing.com - Stocks in focus in premarket trading on Wednesday:
- TheStreet.com
[video]Dow Hits Six-Day Win Streak as China Makes Tariff Exemptions
Stocks finish higher after China says it will allow some exemptions to additional tariffs on U.S. imports as the two side prepare to restart trade talks.
- TheStreet.com
Apple, Trade War, GameStop, General Electric and 9/11 - 5 Things You Must Know
U.S. stock futures rose slightly after China says it will allow some exemptions to additional tariffs on U.S. imports; Apple bets big on camera improvements in its new iPhone 11; GameStop and Dave & Buster's sink on weak guidance; GE to give up majority control of Baker Hughes.
- TheStreet.com
GameStop Dives After Wider-Than-Forecast Q2 Loss as Gamers Delay New Purchases
GameStop shares plunged Wednesday after the video game retailer posted a wider-than-expected second quarter loss, and lowered it full-year profit guidance, as gamers put off new console purchases in advance of new PS4 and Xbox releases.
- GuruFocus.com
Michael Burry's GameStop Tumbles on Weak Comp Sales Outlook
'Big Short' investor-backed company reports worse comp sales decline in second quarter Continue reading...
- Barrons.com
GameStop Stock Is Tumbling After Its Earnings Show Even Used Game Sales Are Slowing
GameStop reported a loss of 32 cents a share, missing forecasts for an 18 cents share, according to FactSet, on sales of $1.29 billion, below estimates for $1.34 billion. The bad news didn’t stop there: same-store sales dropped 12%.
- Zacks
GameStop (GME) Reports Q2 Loss, Misses Revenue Estimates
GameStop (GME) delivered earnings and revenue surprises of -45.45% and -6.01%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
![[video]GameStop Stock Clings to Vital Support as Worries Mount](https://s.yimg.com/uu/api/res/1.2/OvRYuPeRMmsoohUs6GE6AA--~B/Zmk9c3RyaW07aD0xMjM7cHlvZmY9MDtxPTgwO3c9MjIwO3NtPTE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/thestreet.com/655d7b10bca0eb8c54cb4d9a3402d12d)
