January 12, 2018 / 1:11 PM / 4 months ago

BRIEF-Gamestop Sees FY 2017 Earnings Per Share $3.10 To $3.40

Jan 12 (Reuters) - Gamestop Corp:

* SEES FY 2017 EARNINGS PER SHARE $3.10 TO $3.40

* - TOTAL GLOBAL SALES FOR HOLIDAY PERIOD WERE $2.77 BILLION, A 10.6 PCT INCREASE COMPARED TO 2016 HOLIDAY PERIOD

* - TOTAL COMPARABLE STORE SALES INCREASED 11.8 PCT FOR HOLIDAY PERIOD ENDED DEC 30, 2017

* GAMESTOP - EXPECTS TO RECORD NON-CASH IMPAIRMENT CHARGES IN RANGE OF $350 MILLION TO $400 MILLION IN Q4, PRIMARILY RELATED TO ITS TECHNOLOGY BRANDS BUSINESS

* - EXPECTS ADJUSTED EPS NEAR MIDDLE OF PREVIOUSLY ANNOUNCED FY 2017 GUIDANCE OF $3.10 TO $3.40

* GAMESTOP - EXPECTED Q4 IMPAIRMENT CHARGES ALSO PRIMARILY DUE TO CHANGES MADE BY AT&T TO COMPENSATION STRUCTURE IN 2017

* - EXPECTED Q4 IMPAIRMENT CHARGES ARE PRIMARILY DUE TO NEGATIVE IMPACT OF A LONGER UPGRADE CYCLE FOR NEW MOBILE DEVICES

* - EXPECTS FY 2017 COMPARABLE STORE SALES TO INCREASE BETWEEN 4 PERCENT TO 6 PERCENT COMPARED TO COMPARABLE FIFTY-THREE-WEEK PERIOD

* FY EARNINGS PER SHARE VIEW $3.32 — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below