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GameStop beats estimates; raises full-year outlook
Grapevine, Texas -- GameStop’s net income for the second quarter fell to $10.5 million in the year-ago period, but its performance was better than analysts expected. The chain issued a higher-than-expected full-year forecast saying that it expects next-generation gaming consoles to fuel consumer demand.
Total revenue was down 10.7% to $1.38 billion in the quarter ended July 31. Same-store sales dropped 10.7%