Tag Archives: gme

GameStop targeting pop culture geeks with new stores

Looking to diversify as the video game industry changes, GameStop (GME) is experimenting with standalone stores targeting pop culture geeks who love comic-book superheroes, “Star Wars,” “Game of Thrones” and other entertainment franchises. On Black Friday, GameStop is set to open its third ThinkGeek retail store. It opened its first in Orlando, Fla., on Sept. 25 and a second in Nyack, N.Y., last week. The third will be in Hurst, Texas. GameStop

GameStop report sinks video game stocks, sparks debate

GameStop (GME) sneezed and gave the video game sector a cold on Monday. GameStop shares fell 4.2% to 37.61 after the video game retailer reported fiscal third-quarter results that missed Wall Street’s targets and gave Q4 guidance below views. Game publishers Electronic Arts (EA) and Take-Two Interactive Software (TTWO) fell on GameStop’s report. EA dropped 4.8%, to 68.98, and Take-Two dipped 1.9%, to 34.91, on the stock market today. Rival

GameStop craters on Q3 sales, earnings miss

Video game retailer GameStop (GME) on Monday missed Wall Street’s fiscal third-quarter sales and earnings targets as digital downloads took a bigger bite of physical game software sales. GameStop stock plunged as much 17% in morning trading on the stock market today, hitting a 10-month low near 32.50, but was down 9% in midday trading, near 35.50. The Grapevine, Texas-based company earned 54 cents a share on sales of $2.02 billion for the quarter