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Article: Video-Game Retailer GameStop Corp. Posts Quarterly Earnings of $6.1 Million.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 20, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. 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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By Victor Godinez, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 20--Grapevine-based video game retailer GameStop Corp. reported second-quarter earnings Monday that beat analyst estimates and reversed a quarterly loss in the same period last year.
GameStop said sales jumped to $274.3 million in the quarter, up 32.6 percent from $206.8 million a year ago. That led to net earnings of $6.1 million, or 10 cents a share, compared with a loss of $4.8 million, or 13 cents a share, in the same quarter last year.
Analysts surveyed by Thomson First Call had expected earnings per share of 7 cents in the current quarter.
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