Although first quarter earnings climbed to 42 cents per share from 37 cents per share in the year ago period and revenue rose for GameStop (NYSE: GME), the video game retailer forecast second quarter results below estimates and lowered its same store sales guidance for the year sending the stock price plummeting $4.09 to close at $22.38.
GameStop's Forecast Disappoints
May 21, 2009 at 16:58 PM EDT