GameStop Reports Third Quarter Fiscal 2018 Results and Updates Fiscal 2018 Guidance
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GameStop (GME) PT Lowered to $9 at Benchmark
November 30, 2018 7:36 AM ESTBenchmark analyst Mike Hickey lowered the price target on GameStop (NYSE: GME) to $9.00 (from $10.00) while maintaining a Sell rating.
Hickey commented, "Unsurprisingly, GME reduced its FY18 earnings view by 17% after weaker than anticipated new/used software sales, higher promotional expenses and a mix shift... More
GameStop (GME) Tops Q3 EPS by 10c, Revenues Beat, Comp. Sales Up 1.4%; Offers FY18 EPS Outlook Below Consensus
November 29, 2018 4:09 PM ESTGameStop (NYSE: GME) reported Q3 EPS of $0.67, $0.10 better than the analyst estimate of $0.57. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.03 billion.
Rob Lloyd, chief operating officer and chief financial officer, said, We experienced solid growth in the third quarter, including double-digit growth across software, hardware, accessories and collectibles, underscoring GameStops leadership position in video games... More
