Top U.S. video game retailer GameStop reported stronger-than-expected quarterly results amid upbeat sales of games, consoles and hand-held players, helping its shares jump upward.
The Grapevine, Texas-based company's net earnings rose to $129.8 million, or 81 cents a share, for the fiscal fourth quarter ended Feb. 3, up from net income of $85.0 million, or 55 cents a share, in the year-earlier period.
Sales rose to $2.3 billion from $1.7 billion in the same quarter a year earlier, it said.
Analysts, on average, had seen the company posting a profit of 80 cents a share on revenue of $2.1 billion, according to Reuters Estimates.