GameStop Corp. Cl A

GameStop shares surge after report of takeover talks

Shares of GameStop Inc. are up 7.5% in Monday afternoon trading after it was reported that the videogame retailer was having talks with private-equity firms about a possible buyout. The Reuters report, which cited people familiar with the matter, said that GameStop has hired a financial advisor to help as it undergoes these talks. Sycamore Partners is among the firms that are potentially interested in buying GameStop, according to Reuters. GameStop shares were halted briefly in Monday's session due to volatility. GameStop has struggled amid declining mall traffic and the increased popularity of digital game downloads. Its stock is down 26% over the past year, while the S&P 500 has climbed 14%.

• Jun. 18, 2018 at 3:25 p.m. ET
• by Emily Bary

GameStop trading resumed

GameStop trading resumed

• Jun. 18, 2018 at 3:14 p.m. ET
• by Emily Bary

GameStop stock halted due to volatility

GameStop stock halted due to volatility

• Jun. 18, 2018 at 3:11 p.m. ET
• by Emily Bary

EA turns to subscriptions for new PC games

Electronic Arts Inc. for the first time will let people subscribe to play its newest PC games, embracing a model analysts believe could eventually alter how people access and select which games to play.

• Jun. 10, 2018 at 5:16 p.m. ET
• by MarketWatch.com

GameStop stock price target cut to $10 from $12 at Benchmark

GameStop stock price target cut to $10 from $12 at Benchmark

• Jun. 1, 2018 at 8:51 a.m. ET
• by Tomi Kilgore

GameStop shares fall after earnings

GameStop Corp. shares fell 3% in the extended session Thursday after the company met earnings expectations but missed Wall Street sales estimates. GameStop shares closed down 1.64% to $13.20 during regular trading. The company reported first-quarter net income of $28.2 million, or 28 cents a share, compared with $59 million, or 58 cents a share, in the year-ago period. Adjusted earnings were 38 cents a share. Revenue fell to $1.93 billion from $2.05 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 38 cents a share on revenue of $1.95 billion. For the second quarter, analysts model adjusted earnings of 9 cents a share on sales of $1.63 billion. The company reiterated its prior 2018 guidance for adjusted earnings of $3 to $4.35 a share. Also late Thursday, the Grapevine, Texas, company said that Shane Kim would step in as interim chief executive. GameStop stock has fallen 27% this year, with the S&P 500 index rising 1.9%.

• May. 31, 2018 at 4:38 p.m. ET
• by Max A. Cherney

GameStop names Shane Kim new interim CEO

GameStop names Shane Kim new interim CEO

• May. 31, 2018 at 4:09 p.m. ET
• by Claudia Assis

GameStop stock price target cut to $18 from $23 at CFRA

GameStop stock price target cut to $18 from $23 at CFRA

• Mar. 29, 2018 at 4:19 p.m. ET
• by Tomi Kilgore

GameStop downgraded to hold from buy at CFRA

GameStop downgraded to hold from buy at CFRA

• Mar. 29, 2018 at 4:18 p.m. ET
• by Tomi Kilgore

GameStop's stock plunges toward 13-year low; analyst says growth strategy is 'non-tangible'

GameStop Corp.'s stock plunged 12% in morning trade toward a 13-year low, after the video game retailer reported profit and sales that beat expectations but provided a downbeat outlook. The company reported late Wednesday fiscal fourth-quarter adjusted earnings per share of $2.02, revenue growth of 15% to $3.50 billion and same-store sales growth of 12.2%, compared with the FactSet consensus for EPS of $1.99, revenue of $3.27 billion and a same-store increase of 9.3%. For fiscal 2018, the company said it expected adjusted EPS of $3.00 to $3.35, compared with the FactSet consensus as of Feb. 28 of $3.32. Analyst Mike Hickey at Benchmark said the EPS outlook "disappointed" because a new favorable tax rate would have added about 35 cents a share to his estimate. He reiterated his sell rating while cutting his stock price target to $12. "The company's executive team is in disarray, after their CEO has sadly departed, and their articulated growth strategy on the call was non-tangible, in our view," Hickey wrote in a note to clients. The stock, which is trading at the lowest level since May 2005, has shed 30% over the past three months, while the S&P 500 has gained 2.2%.

• Mar. 29, 2018 at 10:03 a.m. ET
• by Tomi Kilgore

GameStop stock price target cut to $19.00 from $22.50 at Wedbush

GameStop stock price target cut to $19.00 from $22.50 at Wedbush

• Mar. 29, 2018 at 9:38 a.m. ET
• by Tomi Kilgore

GameStop's former CEO J. Paul Raines dies aged 53

• Mar. 5, 2018 at 2:33 p.m. ET
• by Ciara Linnane

GameStop ex-CEO J. Paul Raines dies

• Mar. 5, 2018 at 2:27 p.m. ET
• by Ciara Linnane

GameStop terminates COO and EVP without cause

• Feb. 9, 2018 at 8:58 a.m. ET
• by Ciara Linnane

GameStop terminates COO Tony Bartel, EVP Michael Hogan with immediate effect

• Feb. 9, 2018 at 8:54 a.m. ET
• by Ciara Linnane

GameStop says terminations were without cause

• Feb. 9, 2018 at 8:54 a.m. ET
• by Ciara Linnane

GameStop names Michael Mauler its new CEO

• Feb. 6, 2018 at 4:38 p.m. ET
• by Claudia Assis

GameStop's stock extends slide, tumbles 5.8% in premarket trade

• Jan. 12, 2018 at 9:07 a.m. ET
• by Tomi Kilgore