GameStop Corp. Bottom Line Falls 16% In Q2

(RTTNews) - GameStop Corp. (GME) announced a profit for second quarter that fell from last year.

The company said its earnings fell to $27.9 million, or $0.27 per share. This was down from $33.1 million, or $0.31 per share, in last year's second quarter.

Analysts had expected the company to earn $0.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $1.63 billion. This was down from $1.76 billion last year.

GameStop Corp. earnings at a glance:

-Earnings (Q2): $27.9 Mln. vs. $33.1 Mln. last year. -Earnings Decline (Y-o-Y): -15.7% -EPS (Q2): $0.27 vs. $0.31 last year. -EPS Decline (Y-o-Y): -12.9% -Analysts Estimate: $0.27 -Revenue (Q2): $1.63 Bln vs. $1.76 Bln last year. -Revenue Change (Y-o-Y): -7.4%

-Guidance: Next quarter EPS guidance: $0.53 to $0.58 Full year EPS guidance: $3.90 to $4.05