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GameStop Rallies on FY Q4 Beat, Strong Full-Year Outlook

Published on March 18, 2010
by Eric Savitz

GameStop (GME) shares are up sharply this morning on a strong report for its fiscal Q4 ended January 30.

For the quarter, GME reported revenue of $3.52 billion, up a hair from $3.49 billion a year ago, and above the Street at $3.45 billion. EPS was $1.29 a share, beating the Street by a penny. Same-store sales were down 7.9 percent.

For the January 2011 fiscal year, GME sees sales up four to six percent from the $9.08 billion reported for the year just ended, which implies $9.44 billion to $9.62 billion, above the Street at $9.38 billion.

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