Welcome!

News Feed Item

Post-Earnings Recap and Analysis - GameStop

Editor Note: For more information about this release, please scroll to bottom.

LONDON, August 26, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings recap and analysis on GameStop Corporation (NYSE: GME). The company featured in the headlines on Thursday, August 21, 2014 after reporting results for the second quarter ended August 02, 2014. For Q2 FY14, GameStop Corp.'s diluted earnings per share rose 144.4% year-over-year and its total global sales increased 25.1% year-over-year. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview  

During Q2 FY14, GameStop Corp.'s same store sales grew by 21.9% from the year ago quarter. The company's net earnings for the second quarter rose 134.3% to $24.6 million, compared with $10.5 million in the prior year quarter. Meanwhile, the company's diluted earnings per share for the reported quarter stood at $0.22, compared with $0.09 in the year ago quarter. Analysts from Bloomberg were expecting the company to report net earnings of $22.41 million and diluted earnings per share of $0.18. For the quarter ended August 02, 2014, GameStop Corp.'s total global sales increased to $1.73 billion from $1.38 billion in the previous year quarter. The company's gross profit for the reported quarter increased to $550.9 million, compared with $481.4 million in Q2 FY13. Moreover, the company's non-GAAP digital receipts for the reported quarter increased 17.6% YoY to $179.2 million, or $52.3 million of sales on a GAAP basis, led by strong platform currency, mobile and global Steam Wallet sales. The free research on GME can be downloaded as in PDF format at:

http://www.Investor-Edge.com/GMEFreeReport

For Q2 FY14, sales in GameStop Corp.'s Mobile & Consumer Electronics category surged 85.1%, led by the ongoing expansion and strong results of Spring Mobile and Simply Mac, while the company's Technology Brands segment contributed 19% of the company's second quarter operating profit. For the second quarter ended August 02, 2014, the company's new hardware sales increased 124.8%, led by worldwide demand for Microsoft's Xbox One and Sony's PlayStation 4.

During the second quarter of 2014, the company repurchased 1.90 million shares at an average price of $39.67 per share, worth $75.5 million of stock. Currently, the company has a balance of $329.4 million on its existing repurchase authorization. GameStop Corp.'s board of directors declared a quarterly cash dividend of $0.33 per common share payable on September 16, 2014, to shareholders of record as of the close of business on September 03, 2014. 

Rob Lloyd, Chief Financial Officer of GameStop Corp., stated in the recent press release that the company's second quarter results demonstrate the power of the new console cycle and all of the company's business units, including technology brands, made a positive contribution to the company's sales and profits. He added that the second half of the year is filled with exciting games and products coming to market and the company is confident and prepared to capitalize on these opportunities. Sign up and read the free analyst's notes on GME at:

http://www.Investor-Edge.com/GME-26082014

In its guidance for Q3 FY14, the Grapevine, Texas-based electronic store operator is expecting comparable store sales growth in the range of 1.0% to 5.0%. The company's diluted earnings per share are expected to range from $0.58 to $0.64, representing flat to 10.3% increase over the previous year quarter. For FY 2014, GameStop Corp. is upholding its previously announced full year diluted earnings per share guidance range of $3.40 to $3.70. Meanwhile, the company' full year comparable store sales are expected to increase in the range of 6.0% to 12.0%.

Stock Performance    

On Friday, August 22, 2014, a day after the earnings release, shares in GameStop Corp. surged 5.95% to end the session at $42.90. On the last close, Monday, August 25, 2014, the stock declined 1.14% to end the session at $42.41. The company's stock vacillated between $41.88 and $43.58 during the session. A total of 3.46 million shares were traded, which was above its three months average volume of 2.71 million shares. Over the previous three trading sessions, the company's shares have advanced 2.61%. However, in the last one month and from the beginning of 2014, the stock has fallen by 7.16% and 13.91%, respectively. GameStop Corp.'s shares are trading above their 50-day and 200-day moving averages of $41.48 and $41.56, respectively. Furthermore, the stock traded at a PE ratio of 12.72 and has a Relative Strength Index (RSI) of 56.36. Visit Investor-Edge and access the latest research on GME at:

http://www.Investor-Edge.com/GMEEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, GameStop Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on GME is available at:

http://www.Investor-Edge.com/GMEInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

EDITOR'S NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Investor-Edge

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...