GameStop profits fall despite increased same-store sales

Posted online March 27, 2014 | 3:38 pm

New and used video game retailer GameStop Corp. (NYSE: GME) posted worth-than-expected results for its fourth quarter, despite same-store sales growth of almost 8 percent and the launch of new gaming consoles.

Fox News reports the company earned $220.5 million for the quarter, down from a $261.1 million net income a year earlier.

Excluding one-time items, the company earned $1.91 a share, compared with the Wall Street analysts' view of $1.93.

Read more from Fox News.[[In-content Ad]]

Comments

No comments on this story |

Please log in to add your comment

Council of Churches unveils new name

Editors' Pick

From the Ground Up: Fulbright Heights Apartments

Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.

Most Read