GameStop Corp. (GME) reported that its third-quarter net earnings were $52.23 million or $0.31 per share, compared to $46.67 million or $0.28 per share in the same quarter last year. The company said that earnings results for the latest quarter included a $0.01 per share of debt retirement cost. Last year quarter earnings results included a merger-related costs of $0.06 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total company sales for the quarter were $1.83 billion, an 8.2% increase as compared to sales of $1.70 billion in the prior year quarter. Sixteen analysts had consensus revenue estimate of $1.73 billion for the quarter. Comparable store sales decreased 7.8%, attributable primarily to a decline in new video game hardware sales.
For the fourth quarter of fiscal 2009, GameStop reaffirmed earnings per share guidance in a range of $1.47 - $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%. Analysts expect the company to report earnings of $1.57 per share for the fourth-quarter.
For fiscal 2009, earnings per share are now forecast to range from $2.45 to $2.63, representing annual earnings per share growth of +2% to +10%. Comparable store sales are projected to range from -7.0% to -4.0% for the full year. Analysts expect the company to report earnings of $2.53 per share for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.