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GameStop Corp. Lifts Full-Year Guidance

By Warren Paige

Although GameStop Corp.’s (NYSE: GME) fiscal second-quarter sales and profit fell amid growing trend of mobile based games over consoles, shares rallied on Thursday after the company raised its full-year outlook. Both earnings and revenue for the latest period were also better-than-expected. For the full-fiscal year, the Company now expects earnings to be in the range of $3 to $3.20 up from its earlier forecast of $2.90 to $3.15. Same-store-sales are expected in the range of 3.5% fall to 1.5% growth. Earlier the Company projected a decline of 5% to 1.5% gain.

August 22nd, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.