Wireless News
05-22-2014, 05:53 PM
http://l3.yimg.com/bt/api/res/1.2/jxKwMQq59T4wCtu70Ks.tA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-22T202520Z_1_CBREA4L1KQE00_RTROPTP_2_GAMESTOP-OUTLOOK.JPG (http://news.yahoo.com/gamestop-revenue-rises-seven-percent-due-console-demand-202520232--sector.html)(Reuters) - Video game retailer GameStop Corp reported a 7 percent rise in quarterly revenue, driven by growth in its mobile business and demand for the new games consoles that it sells to Sony Corp and Microsoft Corp. GameStop's shares rose as much as 5 percent in extended trading on Thursday, after the company also reported a better-than-expected first-quarter profit. GameStop forecast second-quarter earnings of 12-20 cents per share. Analysts are expecting earnings of 17 cents per share, according to Thomson Reuters I/B/E/S. To combat falling video game software sales, GameStop has stepped up sales of used games and hardware in recent years, as well as expanding its range of digital and mobile products to include iOS and Android devices in some stores. GameStop's results reflect a wider trend.
More... (http://news.yahoo.com/gamestop-revenue-rises-seven-percent-due-console-demand-202520232--sector.html)
More... (http://news.yahoo.com/gamestop-revenue-rises-seven-percent-due-console-demand-202520232--sector.html)