9:43 am Gamestop Down Year to Date, But Up ~13% Since Mid-May; Surpassed EPS and Revenue Expectations
Gamestop (GME 43.56, +3.07) is trading 7% higher in after surpassing second quarter EPS and revenue expectations, and guiding third quarter EPS above expectations.
For the third quarter the gaming software and hardware retailer expects EPS to be between $0.58 and $0.64. GME also reaffirmed its FY15 EPS guidance of $3.40-3.70 and said comparable store sales should be up between 6.0% and 12.0%.
On the company's conference call, management reiterated that it sees strong video …More