GameStop (GME) Posts Weak Holiday Sales; Shares Fall and Take Game Makers Lower

January 8, 2013 8:47 AM EST
Video game makers are a little weaker following weaker-than-expected holiday results from GameStop Corp. (NYSE: GME).

GameStop said 2012 Holiday sales fell 4.6 percent and the company is narrowing its comparable store sales range for the fourth quarter to -7.0% to -4.0% and the full year to -9.0% to -7.5%.

GameStop is down 8%, Electronic Arts (NYSE: EA) is down 1% and Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive (Nasdaq: TTWO) are indicated to open mildly lower.

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