GameStop FY Q3 Profits Top Ests; Sets New $500M Buyback

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Thursday, November 15, 2012 9:19 am EST

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GameStopthis morning posted better-than-expected profits for its fiscal third quarter ended October 27.

For the period, the video game retailer reported revenue of $1.77 billion, down 8.9% from a year ago, and just below the Street consensus at $1.79 billion. Comparable store sales were down 8.3%. Adjusted EPS was 38 cents a share ahead of the Street at 33 cents.