GameStop Reports Positive Third Quarter Earnings

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GameStopRetailer GameStop reported the financial results for its fiscal third quarter ended October 31, 2009:
For the quarter, GameStop reported net earnings of $52.225 million compared to net earnings of $46.669 million in the same quarter the previous year. GameStop Chief Executive Officer Daniel DeMatteo credits "A sharp focus on efficient operations" for the quarter's performance.

For yet another quarter, used game and hardware sales are a significant fraction of GameStop's business. Used sales constituted 27.7% of sales for the quarter, but provided 47.3% of the company's gross profit.

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This page contains a single entry by Editor published on November 19, 2009 1:38 PM.

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