GameStop posts strong first-quarter sales, but leaves forecast unchanged


  • TECH
  • Friday, 26 May 2017

GameStope gift cards are shown for sale at a GameStop Inc. store in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake

GameStop Corp, the world's largest retailer of videogames and gaming consoles, reported better-than-expected quarterly results on May 25, but left its full-year earnings forecast unchanged, sending shares down 6% in extended trading. 

The Grapevine, Texas-based company benefited from robust demand for the newly launched Nintendo Switch console in the first quarter ended April 29, helping offset a decline in sales of videogames. 

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