Does Transparency Really Matter for Mutual Fund Conversions?
Justin Kuepper
|
Let's take a closer look at whether transparency really matters for portfolio managers...
The company reported earnings of $244.1 million, or $2.23 per share, up from $220.5 million, or $1.89 per share, last year. Excluding special items, EPS was $2.15 – below analysts’ view of $2.17.
Revenue
Revenue declined 5.6% to $3.48 billion from $3.68 billion last year. Analysts expected to see revenue of $3.60 billion.
Outlook
Looking ahead, the company expects to see first quarter EPS between 53 and 60 cents. Analysts expect to see EPS of 66 cents. For FY2015, GME expects EPS to be between $3.60 and $3.80, which falls below analysts’ view of $4.04.
The retailer has struggled to keep up with the changing video game industry. GME has a large focus on re-selling pre-owned video games and consoles. As next-generation consoles are released, demand for used games has suffered.
Symbol | Mutual Fund | Stake |
---|---|---|
FDSTX | SunAmerica Focused Dividend Strategy | 5.86% |
FLPSX | Fidelity® Low-Priced Stock | 5.10% |
FLVCX | Fidelity® Leveraged Company Stock | 2.30% |
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Justin Kuepper
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The company reported earnings of $244.1 million, or $2.23 per share, up from $220.5 million, or $1.89 per share, last year. Excluding special items, EPS was $2.15 – below analysts’ view of $2.17.
Revenue
Revenue declined 5.6% to $3.48 billion from $3.68 billion last year. Analysts expected to see revenue of $3.60 billion.
Outlook
Looking ahead, the company expects to see first quarter EPS between 53 and 60 cents. Analysts expect to see EPS of 66 cents. For FY2015, GME expects EPS to be between $3.60 and $3.80, which falls below analysts’ view of $4.04.
The retailer has struggled to keep up with the changing video game industry. GME has a large focus on re-selling pre-owned video games and consoles. As next-generation consoles are released, demand for used games has suffered.
Symbol | Mutual Fund | Stake |
---|---|---|
FDSTX | SunAmerica Focused Dividend Strategy | 5.86% |
FLPSX | Fidelity® Low-Priced Stock | 5.10% |
FLVCX | Fidelity® Leveraged Company Stock | 2.30% |
If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.
Receive email updates about best performers, news, CE accredited webcasts and more.
Justin Kuepper
|
Let's take a closer look at whether transparency really matters for portfolio managers...
Kristan Wojnar, RCC™
|
We are looking at all things marketing in this week’s edition.
Justin Kuepper
|
This article will look at how the rise of muni bond funds could...
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...