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Technology Stocks : GameStop Corp (GME)

GME 22.32

-1.2%

3:59 PM EDT

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From: JakeStraw	1/5/2006 10:18:28 AM
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GameStop ups earnings guidance, Dec. comparable sales rise By Simon Kennedy LONDON (MarketWatch) -- Video game retailer GameStop Corp. (GME) said December comparable store sales rose 8.7%. Total sales for the nine-week holiday period ending Dec. 31 were $1.35 billion, up from $578 million thanks to the October acquisition of rival Electronics Boutique. Based on strong gross margins and cost savings during the quarter the company upped its fourth-quarter earnings per share guidance to a range of $1.06 to $1.08 a share. It also upped its full year guidance to a range of $1.75 to $1.78 from the previous guidance range of $1.65 to $1.70. The company noted the figures do not include merger costs. Analysts polled by Thomson First Call were expecting full year earnings of $1.66 a share.

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