GameStop looks to a better second half

05/24/2013 | Reuters · Wall Street Journal, The

Microsoft's Xbox One and Sony's PlayStation 4 consoles, along with new game titles, such as Battlefield 4 and Grand Theft Auto V, are expected to boost revenue later this year at GameStop. "The expectations are that we're going to have a tough first half until we see titles like Grand Theft Auto and new consoles," Chief Financial Officer Robert Lloyd said. The retailer pushed up the lower end of its full fiscal-year earnings outlook by 15 cents, to $2.90 per share.

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Reuters · Wall Street Journal, The

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