3 Surprises From GameStop's Earnings Report
Investors had good reason to expect bleak results in GameStop's (NYSE: GME) third-quarter earnings report. After all, its stores are exposed to the weak customer traffic trends that are hurting the wider retailing industry. Video game publishers are also using digital sales platforms to disrupt its lucrative buy-sell-trade business.
Put it all together and worries over a retreating business contributed to a 30% loss for the stock this year as GameStop's dividend yield climbed above 9%.
This week's earnings announcement, however, was highlighted by mostly good news, including improving sales trends in the core video game segment. Let's take a closer look.
Source: Fool.com
Gamestop Corp. Stock
€22.24
0.970%
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A target price of 5 € results in a potential of -77.51% which would mean heavy losses compared to the current price of 22.24 € for Gamestop Corp..
