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GameStop - GME  spin-off


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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