GameStop Corp. Bottom Line Falls 7% In Q1

(RTTNews) - GameStop Corp. (GME) revealed a profit for first quarter that retreated from last year.

The company said its profit dropped to $68.4 million, or $0.66 per share. This was down from $73.8 million, or $0.68 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $1.97 billion. This was down from $2.06 billion last year.

GameStop Corp. earnings at a glance:

-Earnings (Q1): $68.4 Mln. vs. $73.8 Mln. last year. -Earnings Decline (Y-o-Y): -7.3% -EPS (Q1): $0.66 vs. $0.68 last year. -EPS Decline (Y-o-Y): -2.9% -Analysts Estimate: $0.61 -Revenue (Q1): $1.97 Bln vs. $2.06 Bln last year. -Revenue Change (Y-o-Y): -4.4%

-Guidance: Next quarter EPS guidance: $0.23 to $0.30 Full year EPS guidance: $3.90 to $4.05