GameStop Corp. (NYSE:GME) has released its earnings report for the third quarter of 2016.
Here are a few things to know about GameStop Corp.’s earnings report for the third quarter of the year.
- GME reported earnings per share of 49 cents for the third quarter of the year.
- The video game retailer reported earnings per share of 54 cents for the same time last year.
- Wall Street was expecting the company to report earnings per share of 47 cents for the quarter.
- Revenue reported by GameStop Corp. in the third quarter of 2016 was $1.96 billion.
- The company reported revenue of $2.02 billion in the third quarter of 2015.
- Analysts were expecting GME to report revenue of $1.99 billion for its third quarter of the year.
- Net income reported in the third quarter of the year by GameStop Corp. was $50.8 million.
- The retailer reported net income of $55.9 million during its third quarter of 2015.
- GME is expecting earnings per share for the fourth quarter of the year to be between $2.23 to $2.38.
- Wall Street is looking for fourth-quarter earnings per share of $2.37.
- The company is expecting earnings per share for the full year of 2016 to be between $3.65 to $3.80.
- Analysts are estimating that GME will report earnings per share of $3.71 for the year.
- GameStop Corp. will be handing out a cash dividend of 37 cents per share for its third quarter of 2016.
- The dividend will be payable to shareholders on Dec. 13, 2016.
- Shareholders must be on record as of Dec. 1, 2016 to receive the dividend.
GME stock was up 8% as of Noon Wednesday, but is down 7% year-to-date.
