GameStop raises guidance after strong Jan.

GRAPEVINE, Texas GameStop today raised its fiscal 2008 and fourth quarter earnings guidance, citing a better-than-expected January. The company now expects its fourth quarter earnings to be in the range of $1.11 to $1.12 per share and full year earnings to be in the range of $1.77 to $1.78 per share.

GameStop said that despite temporary game system shortages, preliminary comparable-store sales for the fourth quarter exceeded expectations and came in at a very strong 17.4%.