GameStop falls sharply after update [Seeking Alpha]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Seeking Alpha
GameStop falls sharply after updateGameStop slides after reporting on holiday sales.The company says total global sales for the holiday period fell 10.6% to $2.77B.Comparable store sales increased 11.8%, led by a 13.7% jump in the U.S. Strong demand for the Nintendo Switch and Xbox One X led the way.Worldwide omnichannel sales increased 21.5% Y/Y..New hardware sales increased 38.3%, while sales of new video game software increased 7.3%.GameStop says it now sees full-year EPS of $3.10 to $3.40 vs. $3.34 consensus.GameStop also disclosed that it expects to record non-cash impairment charges in the range of $350M to $400M, primarily related to its Technology Brands business.Source:Press ReleaseSee all stocks on the move »Now read:AquaBounty prices stock offering at $3.25; shares down 23% premarket »
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/19/24 - Form 144
- 4/10/24 - Form 4
- 4/9/24 - Form 4
- GME's page on the SEC website