Reuters: Technology News: GameStop results beat on higher mobile sales

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GameStop results beat on higher mobile sales May 23rd 2013, 12:53 Tweet Share this Email Print Related News HP raises 2013 outlook as Whitman's plan takes hold Wed, May 22 2013 Staples sees sales improving after weak first quarter Wed, May 22 2013 Target cuts full-year forecast after weak first quarter Wed, May 22 2013 Microsoft unveils Xbox One with Spielberg, Activision tie-up Tue, May 21 2013 Cisco profit beats Street, shares rise on outlook Wed, May 15 2013 A GameStop sign is pictured in Pasadena, California March 27, 2013. Credit: Reuters/Mario Anzuoni Thu May 23, 2013 8:53am EDT (Reuters) - GameStop Corp, the world's largest retailer of video game products, reported quarterly results ahead of Wall Street estimates helped by higher sales of mobile devices and digital content. Net income fell to $54.6 million, or 46 cents per share, in the first quarter, compared with $72.5 million, or 54 cents, a year earlier. Revenue fell about 7 percent to $1.87 billion. Mobile sales rose 290 percent to $46.8 million. Analysts on average were expecting earnings of 40 cents per share, on revenue of $1.82 billion, according to Thomson Reuters I/B/E/S. (Reporting by Chandni Doulatramani in Bangalore; Editing by Roshni Menon) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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