GameStop Corp. (GME) Tops Q1 EPS by 2c; Issues Q2 EPS, Comps Outlook

GameStop Corp. (NYSE: GME) reported Q1 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.03 billion.

Consolidated comparable store sales increased 5.8%. Continued strong worldwide consumer demand for Microsoft’s Xbox One and Sony’s PlayStation 4 was the primary driver of the strong sales performance as the new hardware category grew 81.1% compared to the prior year quarter. From launch through April, total market sales in the U.S. of PlayStation 4 and Xbox One hardware have more than doubled the combined sales of PlayStation 3 and Xbox 360 hardware through their first six months of sales.

GameStop Corp. sees Q2 2014 EPS of $0.12-$0.20. The Street sees EPS of $0.17. GameStop expects comparable store sales to range from +12.0% to +19.0%

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

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