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GameStop closing 200 stores

The world's largest video games retailer, which operates more than 6,600 stores nationwide, said Q3 earnings fell 3% to 38 cents per share, beating analyst estimates by 6 cents. GameStop (GME) also said it plans to close 200 money-losing stores next year as it tries to cope with a 2-year, industrywide sector slump. Sales for the quarter slid 9% to $1.77 bil, missing Wall Street's target of $1.79 bil. The company forecast Q4 profit that was in line with analysts' estimates. Shares rose 4.3% to 24.50.