Filed under: Earnings reports, Microsoft (MSFT), Sony Corp ADR (SNE), Activision Inc (ATVI), Nintendo (NTDOY)

GameStop (GME) posted what I thought was a mediocre third quarter. Total sales went up about 8%, and earnings per share increased a few pennies to 31 cents. When you think video games, you think growth. That doesn’t feel like growth, does it? Not the kind that sends a stock to the moon, certainly. Furthermore, same-store sales saw a decrease of 7.8%, driven by lackluster hardware transactions. Indeed, we may be hitting a point in the console cycle where the demand for systems from Sony (SNE), Microsoft (MSFT), and Nintendo (NTDOY) has essentially been satiated.

Here’s the big question on the mind of traders: unimpressive Q3 or not, should GameStop be bought now?

Continue reading GameStop: Not the greatest quarter, but a buy nonetheless?

GameStop: Not the greatest quarter, but a buy nonetheless? originally appeared on BloggingStocks on Thu, 19 Nov 2009 14:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Via [bloggingstocks]

Share This

This entry was posted on Thursday, November 19th, 2009 at 8:56 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.