Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 21 November 2007 11:33

GameStop braces for disappointing holiday season

Written by David Stellmack

Image

Stock tumbles after releasing the news


GameStop,
the largest video game retailer, forecast a disappointing profit outlook for this holiday season yesterday. While the company had strong third quarter results, it does expect to beat the sales numbers that it had for the fourth quarter last year, but it will fall short of the expectation of some analysts who were expecting higher numbers. Following the announcement, GameStop’s stock was down almost 10 percent.

GameStop did very well in the third quarter, primarily powered by such titles as Halo 3, Madden NFL 08, and Guitar Hero III, which all helped its net income rise to $52 million, or 31 cents a share, from $13.6 million, or 9 cents a share, a year ago. The numbers did beat Wall Street estimates of 23 cents per share for this quarter.

GameStop expects the holiday season to be difficult with all of the competition from retailers such as Best Buy and Wal-Mart applying maximum pressure. GameStop is the leading video game specialty retailer that has outlasted many of its rivals. GameStop continues to made headway in a difficult market space that continues to experience eroding profit margins, but the company continues to have a loyal following with gamers who purchase from GameStop exclusively.

Last modified on Wednesday, 21 November 2007 11:42

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments