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.
Wednesday Sector Laggards: Precious Metals, Medical Instruments & Supplies
Related symbols: TRX, AUMN, QTNT, EW
Wednesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: SAIA, ARCB, LOGI, JNPR
Tuesday Sector Laggards: Construction Materials & Machinery, General Contractors & Builders
Related symbols: MAS, MHK, SKY, MHO
Wednesday's ETF with Unusual Volume: IXC
Related symbols: IXC, CHK, PBR, MPC, SWN
Wednesday's ETF Movers: ITA, GDXJ
Related symbols: BA, DGI, ASR.CA, PG.CA, GDXJ, ITA
XLP, FAD: Big ETF Outflows
Related symbols: XLP, FAD, PG, KO, ULTA, LRCX
Daily Dividend Report: AAPL, WFC, CMCSA, SPG, MET
Related symbols: AAPL, WFC, CMCSA, SPG, MET
Daily Dividend Report: V, AEP, BRX, IBM, GM
Related symbols: V, AEP, BRX, IBM, GM
Daily Dividend Report: T, VFC, MAC, C, SJM
Related symbols: T, VFC, MAC, C, SJM
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.