Video game retailer GameStop Corp. (GME: Quote) Thursday pre-announced its first-quarter 2012 earnings that topped Street estimates by a penny, while same-store sales fell 12.5 percent as demand softened for "AAA" game launches and slower than expected traffic.
GameStop pre-announced first-quarter 2012 earnings of $0.54 per share. As per current estimates, on average, 18 analysts polled by Thomson Reuters expect earnings of $0.53 per share. Analysts' estimates typically exclude special items. GameStop in March had forecast first-quarter 2012 earnings of $0.52 to $0.55 per share.
GameStop is set to release its first-quarter 2012 earnings results on May 17.
Additionally, GameStop reaffirmed its outlook for fiscal year 2012. It continues to expect earnings of $3.10 to $3.30 per share. Analysts currently expect earnings of $3.21 per share.
Click here to receive FREE breaking news email alerts for GameStop Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com