11:41 am Gamestop trades higher following better than expected Q1 results
Gamestop (GME 44.10, +3.18) is trading about 7.8% higher in afternoon trading following the company's better than expected first quarter print. GME reported better than expected earnings per share (EPS) of $0.68 on better than expected revenues of $2.06 billion.
GME noted the 3.2% increase in revenues on a year-over-year basis was primarily based on the 9.6% growth in new software sales. New video game hardware was strong in the period, posting sales of $439.7 million versus $438.0 million in last …More