GameStop Earnings Fell 5% in 2009
March 18th, 2010
GameStop has released its results for the final quarter of 2009 fiscal year, reporting an increase in sales but dip in revenues.
Sales for the fourth quarter of 2009 increased 0.9 per cent to $3.52 billion, while net earnings dropped 7.1 per cent to $215.9 million, compared to $232.3 million the previous year. The total year’s results reflected much the same, increased 3.1 per cent to $9.08 billion, while net earnings decreased 5.3 per cent to $377.3 million. Yearly earnings per share were $2.25, compared to $2.38 in 2008.