GameStop sales soar 25%

GameStop Corp. on Thursday reported its quarterly revenue surged by 25 percent over the prior year, topping expectations, buoyed by the success of new game releases as well as solid sales of gaming hardware from Microsoft and Sony Corp.

The company's fiscal second-quarter revenue rose to $1.73 billion, beating analysts' projections of $1.65 billion, according to Fox Business.

Titles such as Ubisoft`s "Watch Dogs" and Nintendo`s "Mario Kart 8" drove a 15.6 percent gain in new software sales and a 21.9 percent gain in comparable-store sales.

Net income for the second quarter was $24.6 million, compared to $10.5 million a year earlier.

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