Lakeway, TX -- (SBWIRE) -- 02/19/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
GameStop Corp. (NYSE:GME) on Tuesday announced that its board has approved a 10% increment to its regularly quarterly dividend.
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The quarterly dividend after the increment totaled at 27.5 cents and on annual basis it amounts to $1.10 per share. This will be payable on March 19 to shareholders of record as of March 5.
Shares of Game Stop Corp fell by 51 cents or 2.01% to $24.86 in the morning session.
Shares of Perry Ellis International, Inc. (NASDAQ:PERY) fell by $2.43 or 12.57% to $16.90 in the morning session following its fourth quarter and fiscal year outlook which fell short of analyst expectations.
Will PERY Continue To Trend Higher After The Recent Gain? Find Out Here
The company blamed the delay in shipment of $14.5 million for the quarterly setback.
For the fourth quarter the company expects an adjusted profit of between 48 cents and 50 cents per share on revenue of about $258 million. FactSet analysts expect profit of 84 cents per share on $280 million in revenue.
For this year, Perry Ellis expects earnings, excluding one-time items, of $1.50 to $1.60 per share, and for revenue to grow 3% to 5%, to about $999 million to $1.02 billion.
Analyst predicts profit of $2.07 per share on $1.05 billion in revenue.
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