Videogame retailer GameStop posts higher fourth-quarter revenue

Reuters News
Posted: Mar 27, 2014 8:48 AM

(Reuters) - GameStop Corp, the world's largest retailer of videogame products, reported a 3.4 percent rise in fourth-quarter revenue, driven by demand for new game consoles from Sony Corp and Microsoft Corp.

However, the company's net profit fell to $220.5 million, or $1.89 per share in the three months ended February 1 from $261.1 million, or $2.15 per share, a year earlier.

The Grapevine, Texas-based company said revenue rose to $3.68 billion from $3.56 billion.

(Reporting by Lehar Maan and Abhirup Roy in Bangalore; Editing by Ted Kerr)