Tag Archives: Misses

GameStop Misses Estimates on Lower-Than-Expected Video Game Sales

GameStop Corp, the world’s largest video game and gaming console retailer, reported a lower-than-expected quarterly profit on Thursday due to lower sales of video game software at its outlets. Shares of the company fell about 5 percent to $14.43 (roughly Rs. 1,040) after the bell on Thursday. Net sales from the video game software business fell 18.5 percent to $300.9 ... Read More »

Qualcomm Misses Revenue Estimates, Defends Licensing Model

Qualcomm Inc reported a lower-than-expected 3.9 percent rise in quarterly revenue on Wednesday, and defended its licensing model in the face of multiple legal challenges over its alleged “anticompetitive” tactics. The company’s shares were down 3.8 percent at $54.75 in aftermarket trading. The US Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to “anticompetitive” tactics ... Read More »