GameStop Reports First Quarter Fiscal 2019 Results
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June 5, 2019 8:41 AM EDT
Macquarie 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...
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June 4, 2019 4:08 PM EDT
GameStop (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
