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Thursday, March 28, 2013

GameStop's Gloomy Guidance Offsets 4Q Beat

GameStop revealed a stronger-than-expected 49.5% jump in fourth-quarter profits on Thursday, but the video-game retailer's earnings beat was overshadowed by gloomy guidance as the industry braces for a slowdown before the launch of PlayStation 4. The company said it earned $261.1 million, or $2.15 a share, last quarter, compared with a profit of ... (more)

http://www.foxbusiness.com/industries/2013/03/28/gamestop-gloomy-guidance-offsets-4q-beat/

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