Nerds everywhere unite and hop on over to Gamestop before they start shutting down stores. These numbers were abysmal. The shares are, inexorably, lower in the after hours.
Post haste, go reserve that new super Mario bros game, nerds, post haste.
Via Briefing.com
If you enjoy the content at iBankCoin, please follow us on TwitterReports Q4 (Jan) earnings of $2.40 per share, $0.14 better than the Capital IQ Consensus of $2.26; revenues rose 1.4% year/year to $3.52 bln vs the $3.56 bln Capital IQ Consensus; sales of non-physical gaming products, such as digital, mobile & consumer electronics, and collectibles, offset a decline in new software sales.
Preannounced: Raised EPS guidance to $2.19-2.25 from $2.12-2.32 on Jan 12; guided for EPS exceeding $2.19-2.25 on March 2.
Pre-owned sales were flat (a 3.0% increase in constant currency) compared to the fourth quarter of 2014.Consolidated comparable store sales increased 3.1% (a 3.0% increase in the U.S. and a 3.3% increase internationally).
Non-GAAP digital receipts increased 9.7% (a 13.4% increase in constant currency) to $404.5 million, or $60.7 million of sales on a GAAP basis, a 14.5% increase over the prior year quarter. The growth was driven by downloadable content and mobile digital sales.Technology Brand revenues increased 57.4% to $177.9 million and operating earnings for the segment were $16.9 million, a 69.6% increase over the prior year quarter.
Co issues downside guidance for Q1, sees EPS of $0.58-0.63 vs. $0.70 Capital IQ Consensus; sees Q1 revs -7 to -4% to ~$1.92-1.98 bln vs. $2.1 bln Capital IQ Consensus; comps down 7-9%.
Co issues downside guidance for FY17, sees EPS of $3.90-4.05 vs. $4.08 Capital IQ Consensus; sees FY17 revs +0-3% to ~$9.36-9.65 bln vs. $9.67 bln Capital IQ Consensus; comps -3% to flat vs. ests near +1.5%
Seems to me there’s very little reason to go to such an archaic place as a “store” to buy a game, what with all the games easily downloadable directly to your consoles nowadays.
Company has blockbuster written all over it but 44% short float with a new Nintendo and PlayStation 4K in the pipe, I wouldn’t be short. I don’t think buying a mobile game dev would be the worst idea.
Chuck told me on the J P Morgan thread today that the U.S. is letting ISIS get rich off of stolen oil So I looked for an article on this and found one.
Deal With the Devil: Turkey Props Up ISIS by Buying Its Stolen Oil
By Micah Halpern • 02/04/16
http://observer.com/2016/02/deal-with-the-devil-turkey-props-up-isis-by-buying-its-stolen-oil/
There is one point in here that contradicts other news stories I have read. And that is that the Free Syrian Army (Syrian Rebels) fights against ISIS, even while buying their oil from ISIS to fuel their war machinery. This may be true, as far as it goes. They may sometimes fight ISIS.
But I have read that on the whole, ISIS is the ally of the Syrian rebels and ISIS fights WITH them, NOT against them, to try to take down Assad. The Syrian rebels are desperate to take down Assad and thus to save their people from being slaughtered by him. And they have gotten very little help from anyone with that. And Russia has been fighting against the Syrian rebels in order to prop up Assad.
The Syrian rebels are so desperate for help that they are accepting help from both ISIS and Al Qaeda. Syrian rebels also get some financial support from Saudi Arabia. So the Syrian rebels, Saudi Arabia, ISIS, and Al Qaeda are all allies who are on the same side in this particular conflict. By the way, all these people are Sunnis, as is Turkey. And there is a huge Sunni/Shia conflict in the M.E. All Sunnis don’t necessarily like or approve of ISIS. But it’s possible that many Sunnis dislike the Shia more than they dislike ISIS.
Assad has slaughtered large numbers of his own people, sending millions fleeing for their lives, creating the current refugee crisis in Europe. Obama wanted to help the Syrian Rebels but the GOP dominated Congress would not back him up, so he gave up the idea. If Obama could have done that, then it’s possible that Assad would be gone already, and that there would be no Syrian refugees, and no refugee crisis in Europe now.
In the M.E., it seems there are certain stories for U.S. public consumption, and then there is what is really going on under the surface, which you can sometimes find in non-U.S. publications. For us, ISIS is a problem. For many countries and groups in the M.E., ISIS may be a solution. And that may be why it’s so hard to get rid of– and so hard for the U.S. to find allies in the M.E. who will join us in fighting ISIS.
Maybe we don’t exactly know who our allies are and who our enemies are– or whether they are the same groups of people.
E.g. here is an article I had posted before about our apparent frenemy, Saudi Arabia.
How Saudi Arabia captured Washington
http://www.vox.com/2016/3/21/11275354/saudi-arabia-gulf-washington
Oops, I meant to say, Chuck told me about ISIS getting rich off of stolen oil, on the Turkey Arrested and Deported Brussels Terrorist in 2015 thread– not the J P Morgan thread.
so lacking logic
“Assad… sending millions fleeing for their lives, creating the current refugee crisis in Europe…”
The cause was the isis push to damascus. Not assad. No matter how extreme was not the facilitation for mass outflow movement. He did not create it. [missing logic]
“Obama wanted to help the Syrian Rebels…, so he gave up the idea.”
Did not give up. Not having support in 13 televised nationwide address in 14 said he was going in anyway. Suggesting to some ulterior motive. [faulty storyline]
“If Obama could have… it’s possible that Assad would be gone… no Syrian refugees or crisis in Europe”
He did do that and gun running in 2011 through libya was the arming and setup for those isis fighters. Notice now? The last 6 months? He’s not talking about assad? He’s talking about refugees? What does that tell you? [heavy misconnection of events]
your interpretations are little scary
@frog.
No matter what, refugees where coming.
Assad murdered his own people? I don’t think these are his own people. More over, if these forces removed Assad, you would be seeing the minority groups running for their lives. Think, rape, murder, child brides, fucking Slavery and much much worse.
Don’t think for one second Assad being kicked out by the US of A and our boyz would be a good thing.
Fucking around in Libya worked as well as playing around in Iraq did.
Regards
Chuck Bennett