GameStop Forecast Flattens Shares
Shares of GameStop were down $4.76, or 9.4%, to $46.09 in recent trading.
Profit for the quarter was $62.1 million, or 37 cents a share vs. $24.7 million, or 15 cents a share, a year earlier. Excluding items, the company earned 38 cents a share, beating analysts’ expectations by 3 cents a share.
Revenue increased 41.8% to $1.81 billion, surpassing analysts’ expectations of $1.75 billion for the quarter.
Comparable-store sales increased 27.1% during the first quarter.
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By Palangkaraya Post on May 23, 2008 in Video Games, Tech
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