GameStop (GME) Tops Q1 EPS by 1c, Revenues Miss Slightly

GameStop (NYSE: GME) reported Q1 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.96 billion.

GUIDANCE:

GameStop sees FY2018 EPS of $3.00-$3.35, versus the consensus of $3.11.

GameStop is reiterating its previously issued annual guidance for fiscal 2018 and continues to expect earnings to be substantially back half weighted for the fiscal year given the overlap of the Nintendo Switch launch in the first half of the year and expected strength of the title line up in the second half of the year.

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

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