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Gamestop reiterates oulook
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GRAPEVINE, Texas - GameStop Corp., a video game retailer, said Tuesday it continues to expect earnings between 27 cents and 33 cents per share in the third quarter, excluding debt retirement costs.
Analysts polled by Thomson Reuters, on average, predict a profit of 30 cents per share.
The company expects third-quarter sales in stores open at least one year, considered a key measure of a retailers financial health, to fall 6 percent to 11 percent.
The company is scheduled to report third-quarter results Nov. 19.
Shares fell 17 cents to $25.33 during morning trading.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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