GameStop results boosted by Xbox One and PS4

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

Earnings of $68M up 24.5% Y/Y, with EPS of $0.59 up 28.3%.

Comp store sales up 5.8% from a year ago, with new hardware sales up 81.1%. New software sales fell 20.4%, but pre-owned/value software sales rose 5.3%.

Non-GAAP digital receipts up 9.5%.

1.33M shares repurchased during Q at average price of $39.28 each. $405M remains on repurchase authorization. Float is about 115M shares.

Q2 comp store sales growth guidance of 12-19%, with EPS expected at $0.12-$0.20 (Street is at $0.17), representing a 33-122% increase over one year ago. Full year EPS guidance of $3.40-$3.70 and comp store sales growth guidance of 6-12% is maintained.

CC at 5 ET

Previously: GameStop beats by $0.02, misses on revenue

GME +1.8% AH