Thursday, November 18, 2010

GameStop Hits $1.9 Billion In Q3 Sales

Grapevine-based videogame retailer GameStop released its Q3 results this morning, saying it had record sales and earnings for the quarter. GameStop said it had sales of $1.90 billion, up 3.5 percent from last year, with gains due to a "strong slate" of new title releases. The firm had net earnings of $54.7M, up 4.8 percent from last year. The strong roster of titles released in Q3 resulted in a 9 percent increase in software sales for the company.