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Article: GameStop Reports Record First Quarter 2008 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 22, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Net Earnings Increase 151%
Total Sales Increase 42%; Comparable Store Sales Increase 27%
First Quarter EPS Beats Guidance by $0.05
Full Year EPS Guidance Raised
GRAPEVINE, Texas -- GameStop Corp. (NYSE: GME), the world's largest video game and entertainment software retailer, today reported sales and earnings for the first quarter ended May 3, 2008.
Net earnings were $62.1 million for the first quarter of 2008, as compared to net earnings of $24.7 million for the first quarter of 2007, an increase of 151.4%. Diluted earnings per share were $0.37, including debt retirement costs of $0.01 per diluted share, beating the high-end of guidance by $0.05 per ...
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