Once Broke, GameStop Moves Up to S.&P. 500
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A decade ago, the company now known as GameStop was bankrupt, now it says itâs the worldâs largest video game retailer and is about to join the S.&P. 500.
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After it reports a loss, the shares fall faster than a 500-pound weight.
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The Mooresville, NC-based retailer posted net income of $522 million, or 66 cents a share, compared with $452 million, or 55 cents a share, a year earlier.
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Shares of Electronic Arts Inc. rose more than 6 percent Friday, after adjusted fourth-quarter earnings exceeded Wall Street's expectations. But financial analysts wondered whether the world's biggest video game publisher was becoming overvalued.
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The companyâs PlayStation 3 game console has had a shaky start, despite rebounding sales in its bread-and-better consumer electronics.
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The leading electronics and entertainment retailer continues to produce strong results.
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The company said earnings jumped because of shipments recovered after a labor dispute and a rise in demand for specialty metals used in power plants.
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Tyson Foods boosted its C.E.O.âs pay fivefold and quadrupled the pay of its former chief as the company returned to profit after a 2006 loss.
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Game kingpin and Motley Fool Stock Advisor recommendation Electronic Arts (Nasdaq: ERTS) has another hit on its hands. Madden NFL 2005 was the top-selling game its first week on the market.
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Dividend increases are about more than just money.
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The company's stock has had a rough few months, but the business still looks strong.
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Nintendo DS was the top selling system last month shifting an impressive 1.5 million units according to NPD.
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THE Standard &amp; Poor&#39;s 500 Index rose as a government report showed factory orders for items such as computers and electronics climbed last month, suggesting strength in manufacturing.
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Take-Two Interactive Software Inc.  TTWO.O on Monday said that prices for its sports video games  will likely return to higher levels once new game consoles  arrive in late 2005 or 2006.
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The retailer posts impressive comps growth and has updated its guidance.
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The retailer raises guidance after an impressive first quarter.
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SAN FRANCISCO -- Shares of Electronic Arts Inc. rose more than 6 percent Friday, after adjusted fourth-quarter earnings exceeded Wall Street's expectations. But financial analysts wondered whether the world's biggest video game publisher was becoming overvalued.