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News Watch
GameStop Net Rises 12% amid Strong "Madden NFL" Demand, Reaffirms Guidance (GME) - 11/19/2009 9:40:30 AM

11/19/2009-GameStop (NYSE:GME) reported Q3 EPS of $0.32, ex-items, topping consensus estimates of $0.30.

Revenues in the quarter rose 8.2% year-over-year to $1.83 billion, and came in ahead of consensus estimates of $1.73 billion.

The company issued these forward looking statements, "For the fourth quarter of fiscal 2009, GameStop is reaffirming guidance of diluted earnings per share to range from $1.47 to $1.65, as compared to $1.39 in the prior year period. Comparable store sales are projected to range from -7.0% to -1.0%.

Full year diluted earnings per share are forecast to range from $2.45 to $2.63, representing annual EPS growth of +2% to +10%. Comparable store sales are projected to range from -7.0% to -4.0% for the full year."

Analysts, in average were projecting Q4 EPS of $1.57 and full-year 2009 EPS of $2.53.


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