GameStop's Quarterly Profits Triple Wall
Street's Estimates
05/18/2006
Shares of GameStop were up today after the
electronic game retailer reported first-quarter profits of
$11.7 million, which tripled Wall Street's expectations. Analysts
had expected profits to come in at only $3.9 million.
Sales doubled and were also above analyst
expectations. Finally, GameStop announced it expects profits
for the full year to be $2.10 to $2.20 per share. This is
also higher than analysts had been expecting.
GameStop is part of our Primary
Stock Portfolio. As of the close of the market on Thursday,
the stock is up 123.2% since being recommended in March of
2005.
-Rex M. Jacobsen
Sr. Editor
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