GameStop's Disastrous Holiday Sales Signal More Pain Ahead [The Motley Fool]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130125&p=irol-irhome
Company Research
Source: The Motley Fool
GameStop ( NYSE:GME GameStop blamed the decline on "overall industry trends impacting the video game industry and driven by an accelerated decline in new hardware and software sales, particularly in the month of December." CEO George Sherman noted that GameStop had "expected a challenging sales environment for the holiday season" as customers delayed their purchases ahead of new console launches in late 00, but admitted that its sales after Black Friday and throughout December had been "well below" its expectations. Image source: Getty Images. The lone bright spot was GameStop's growth in Nintendo OTC:NTDOY It revised its comps guidance from a "high-teens" decline to a 9%-% decline, and it expects an adjusted net loss for the year -- compared to its prior adjusted earnings forecast of $0.0 to $0.0 per share. That marks the second time GameStop has reduced its full-year guidance over the past months. Those slippery guidance cuts and GameStop's disastrous holiday sales indicate that
Show less
Read more
Impact Snapshot
Event Time:
GME
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GME alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GME alerts
High impacting GameStop Corporation news events
Weekly update
A roundup of the hottest topics
GME
News
- YOOBIC Seals Global Technology Partnership with UKG [Yahoo! Finance]Yahoo! Finance
- Bitcoin halving is likely this week — here's what you need to know [MSNBC.com]MSNBC.com
- Bitcoin halving is likely this week — here's what you need to know [CNBC]CNBC
- America's young men are blowing their money like never before [Yahoo! Finance]Yahoo! Finance
- The big new way to get rich [Business Insider]Business Insider
GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- 4/4/24 - Form 8-K
- GME's page on the SEC website