GameStop income climbs 7%

Grapevine, Texas GameStop Corp. said Thursday its fiscal first-quarter net income climbed, boosted by strong sales of such popular games as "Battlefield Bad Company 2" and "God of War III."

But the company's outlook for the current quarter fell shy of Wall Street's expectations.

For the three months ended May 1, GameStop earned $75.2 million, up 7% from $70.4 million a year earlier. Revenue rose 5% to $2.08 billion, from $1.98 billion.

Same-store sales declined 1.6% during the quarter due to lower console prices and supply constraints.