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GameStop Corp. Lifts Full-Year Guidance

Although GameStop Corp.’s (NYSE: GME) fiscal second-quarter sales and profit fell amid growing trend of mobile based games over consoles, shares rallied on Thursday after the company raised its full-year outlook. Both earnings and revenue for the latest period were also better-than-expected. For the full-fiscal year, the Company now expects earnings to be in the range of $3 to $3.20 up from its earlier forecast of $2.90 to $3.15. Same-store-sales are expected in the range of 3.5% fall to 1.5% growth. Earlier the Company projected a decline of 5% to 1.5% gain.


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