GameStop: Disappointing outlook for holiday season
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GameStop, the largest U.S. video game retailer, on Tuesday gave a disappointing profit outlook for the holiday season that overshadowed strong third-quarter results, sending its stock down nearly 10 percent.
For the third quarter, net income rose to $52 million, or 31 cents a share, from $13.6 million, or 9 cents a share a year earlier. The profit beat Wall Street views of 23 cents a share, powered by sales of games such as Halo 3 and Madden NFL ’08, and Guitar Hero II.
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