GameStop share prices were up Friday after the retailer raised it...
GameStop share prices were up Friday after the retailer raised its Q4 and fiscal year earnings per share estimates 2 cents due to better-than-expected January sales. In late afternoon trading, shares were up 2.8 percent at $47.04. The company…
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expects to post diluted earnings per share of $1.11 or $1.12 Q4 and $1.77 or $1.78 for the year, it said. “Driven by impressive domestic and international sales, and in spite of temporary industry-wide videogame system shortages, preliminary comparable store sales for the fourth quarter exceeded our expectations and came in at a very strong 17.4 percent,” GameStop said. The company expects to report Q4 and fiscal year results and provide a fiscal 2008 earnings forecast in “mid-March,” it said.