GameStop Corp. Exceeds Estimates (GME)

GameStop Corp. GME reported that its first quarter net income was $75.17 million or $0.48 per share, compared to $70.43 million or $0.42 per share in the year ago period. This compared to Wall Street estimates of $0.47 per share. Net sales for the quarter were $2.08 billion versus $1.98 billion in last year's corresponding quarter. This compared to analysts' estimates of $2.03 billion. During today's trading session, GME shares have gained 1.22%.