GameStop Posts Earnings; Activision Reports Record Call of Duty Sales Thursday, November 17, 2:02 PM ET
GME) reported third quarter earnings today that slid to $53.9 million, or $0.39 per share, from $54.7 million, or $0.36 per share, last year.
Earnings at the video game retailer met analyst expectations, although revenue fell slightly short, rising 2.5% to $1.95 billion. Same-store sales fell by 0.6%.
New video game software sales rose 4.8%, driven by Microsoft's (NASDAQ:
MSFT) Gears of War 3 and Battlefield 3 and Madden NFL 12 from Electronic Arts ( ERTS), among others.
Also today, Activision Blizzard (NASDAQ:
ATVI) shares are trading higher after the company reported record five-day sales of its Call of Duty: Modern Warfare 3 game.
The game posted $775 million in sales in its first five days on the market, breaking the record set last year by Call of Duty: Black Ops.
Activision said the sales beat all first-day and five-day records for theatrical box-office, book and video game sales.
For MarketNewsVideo.com, I'm Sayoko Murase.
Friday Sector Laggards: Music & Electronics Stores, Auto Parts
Related symbols: VOXX, RCII, KNDI, MPAA
Friday Sector Leaders: Precious Metals, Drugs
Related symbols: THM, AG, HTBX, MNKD
Thursday Sector Laggards: Semiconductors, Application Software Stocks
Related symbols: CRUS, CYBE, MOXC, PSTG
Friday's ETF with Unusual Volume: PHO
Related symbols: PHO, RXN, DHR, AWR
Friday's ETF Movers: GDX, XLF
Related symbols: DGC.CA, AG, AFL, LM, XLF, GDX
UUP, SOCL: Big ETF Outflows
Related symbols: UUP, SOCL, GOOGL, ANGI
Daily Dividend Report: EMN, OC, PLD,RRC, AGR
Related symbols: EMN, OC, PLD, RRC, AGR
Daily Dividend Report: DIS, TD, SLG, COR, LZB, MSFT, VZ
Related symbols: DIS, TD, SLG, COR, LZB, MSFT, VZ
Daily Dividend Report: TJX, DVN, NUE, OGE, BDC
Related symbols: TJX, DVN, NUE, OGE, BDC
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
GameStop Posts Earnings; Activision Reports Record Call of Duty Sales
| Market News Video | Copyright © 2008 - 2016, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.