On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director officer (Chief Executive Officer), of Gamestop Corp., Raines Julian Paul had unloaded 30,000 shares at $45 per share in a transaction on October 20, 2015.
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Sales mix: New video game hardware -370 bps to 17.8%, New video game software -200 bps to 33.5%, Pre-owned/value video game products +100 bps to 24.9%, Digital -60 bps to 2.0%, Mobile +220 bps to 8.2%. Following the sale, the vice president now owns 143,314 shares in the company, valued at $6,014,888.58.
Shares of Electronic Arts Inc (EA.O), the company behind “Star Wars: Battlefront” were down 4.5 percent at $69.13.
Including one-time items, earnings per share came in at 53 cents, in comparison to 50 cents in the year-ago period.
The largest retailer in the world of video games, GameStop Corp reported quarterly revenue that was lower than had been expected hurt by sales of its new gaming hardware and software. The Maryland-based fund Lmm Llc is also positive about the stock, possessing 377,646 shares or 2.36% of their portfolio.
GameStop Corp (GME – Analyst Report) posted dismal third-quarter fiscal 2015 results.
Trading of Gamestop (NYSE:GME)’s shares is going to be interesting today.
For the fourth quarter, GameStop projects adjusted earnings of $2.12 to $2.32 per share and comparable store sales growth of -1.0 percent to +6.0 percent.
Total global sales for GameStop fell 3.6 percent to $2 billion while profit dropped to $55.9 million.
Several other equities analysts have also recently issued reports on GME.
The announcement was poorly received with shares plummeting by as much as 18 percent in pre-market trading on Monday, according to Business Insider. The company has a market cap of $4.05 billion.
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We’ve also learned that Gamestop Corporation Class A will report its next earnings on November 23, 2015. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. It operates in four segments: United States, Canada, Australia and Europe. The Video Game Brands segments include 6,206 stores, 4,138 of which are included in the United States segment. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.
