GameStop's view on profits disappoints, shares -12.7%

|About: GameStop Corp. (GME)|By:, SA News Editor

Shares of GameStop (GME) dive in early trading after the company's update on holiday sales and new guidance disappoints,

Comparable store sales rose 10.2% during the period on a 7.1% comp in the U.S., but most analysts forecast a better tally with the new video game consoles out this year.

The retailer sets its outlook on Q4 EPS to $1.85-$1.95 vs. $2.14 consensus.

GME -12.7% premarket