GameStop (GME) Tops Q1 EPS by 5c, Q2 EPS Guidance Falls Short

GameStop (NYSE: GME) reported Q1 EPS of $0.66, $0.05 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.97 billion versus the consensus estimate of $1.97 billion.

Comps fell 6.2 percent.

GUIDANCE:

GameStop sees Q2 2016 EPS of $0.23-$0.30, versus the consensus of $0.31.

For fiscal 2016, the company is reiterating its full year diluted earnings per share guidance of $3.90 to $4.05 and comparable store sales range of -3.0% to 0.0%.

For earnings history and earnings-related data on GameStop (GME) click here.

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