GameStop (GME) pre-announces Q1 EPS of $0.54, $0.01 better than expected, and re-affirmed its...

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

GameStop (GME) pre-announces Q1 EPS of $0.54, $0.01 better than expected, and re-affirmed its full-year EPS outlook of $3.10-$3.30 vs. $3.19 consensus. GME says it is “outperforming the video game market,” but a 12.5% Y/Y same-store sales drop reflected “light demand for ‘AAA’ game launches and slower than expected traffic during the quarter.”