GameStop Corp. (NYSE: GME) Reiterated Earnings
November 10, 2009 10:18 AM
GameStop Corp. (NYSE: GME) surged 1.02% in the pre-market trading after forecasting its third quarter earnings per share to be in between $0.27 - $0.33 a share and same store sales to fall in between 11% to 6%. Earnings per share exclude debt retirement costs of $0.01 a share.
GameStop is expected to report complete third quarter results on November 19, 2009. Analysts polled by FactSet Research on an average expect GME to report earnings per share of $0.30 a share.
GameStop sells new and used video game software, hardware and accessories for video game systems. Moreover, it also sells PC entertainment software, related accessories and other accessories. GameStop Corp. is currently trading at $25.76, gaining up by 1.02%. So far this year, GME has gained only 17%.
