GameStop Reports First Quarter Fiscal 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/27/2026
- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
- TD Cowen: 'Sober View Suggests Structural Alcohol Risks Are Overblown'
- Needham Starts NeoVolta (NEOV) at Buy
- Hut 8 Mining Corp. (HUT) PT Raised to $55 at KBW As Management Delivers
- S&P 500 ends lower; chips tumble and Moderna rallies
- UBS trims AI portfolio exposure to semis and hardware after recent rally
GameStop (GME) PT Lowered to $8 at Macquarie
June 5, 2019 8:41 AM EDTMacquarie analyst Ben Schachter lowered the price target on GameStop (NYSE: GME) to $8.00 (from $11.00) while maintaining a Neutral rating.
GME cut its dividend to zero and outlined a high-level turnaround strategy.Mgmt.s plan is to reduce costs, optimize... MoreGameStop (GME) Tops Q1 EPS by 10c, Revs Miss; Eliminates Dividend
June 4, 2019 4:08 PM EDTGameStop (NYSE: GME) reported Q1 EPS of $0.07, $0.10 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.64 billion.
Consolidated comparable store sales decrease of 10.3% (10.2% in the U.S. and 10.4% internationally).
George Sherman, GameStops chief executive officer said, Since joining GameStop in April, I have been undertaking a thorough review of the business and working closely with the team to improve our operational and financial performance, address the challenges that have... More
