Thursday, March 28, 2013

Reuters: Technology News: GameStop posts higher fourth-quarter profit

Reuters: Technology News
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GameStop posts higher fourth-quarter profit
Mar 28th 2013, 12:46

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A GameStop store is pictured in Pasadena, California March 27, 2013. REUTERS/Mario Anzuoni

A GameStop store is pictured in Pasadena, California March 27, 2013.

Credit: Reuters/Mario Anzuoni

Thu Mar 28, 2013 8:46am EDT

(Reuters) - GameStop Corp, the world's largest retailer of video game products, reported a nearly 50 percent rise in fourth-quarter profit, helped by its mobile and digital businesses.

Profit rose to $261.1 million, or $2.15 per share, from $174.7 million, or $1.27 cents per share a year earlier.

The Grapevine, Texas-based company's revenue fell marginally to $3.56 billion.

(Reporting by Neha Alawadhi in Bangalore; Editing by Maju Samuel)

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