Home Wealth  Money GameStop Posts Earnings; Activision Reports Record Call of Duty Sales

GameStop Posts Earnings; Activision Reports Record Call of Duty Sales

Posted: Nov. 18th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

GameStop reported third quarter earnings today that slid to $53.9 million, or $0.39 per share, from $54.7 million, or $0.36 per share, last year. Earnings at the video game retailer met analyst expectations, although revenue fell slightly short, rising 2.5% to $1.95 billion. Same-store sales fell by 0.6%. New video game software sales rose 4.8%, driven by Microsoft's Gears of War 3 and Battlefield 3 and Madden NFL 12 from Electronic Arts , among others.

Also today, Activision Blizzard (nasdaq: ATVI - news - people ) shares are trading higher after the company reported record five-day sales of its Call of Duty: Modern Warfare 3 game. The game posted $775 million in sales in its first five days on the market, breaking the record set last year by Call of Duty: Black Ops. Activision said the sales beat all first-day and five-day records for theatrical box-office, book and video game sales.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you canít mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Wider Yachts Shows Off Plans for Spacious W125 at Miami Boat Show
Aston Martin Cruelly Teases Us With the Roar of Vulcan's Engines
Here's Why Everything You Thought You Knew About Thread Count is a Lie
Better Brush Up On Your Golf Skills Before Moving Into This $5.8M Hualālai Resort Home
Totally Customizable Mercedes Actually Looks Like a Private Jet Inside
The Southern Steak & Oyster Should Be On Your Dining List When Heading to Nashville
Which 10 Restaurants Get to Sit With the Forbes Five-Star Cool Kids?
Customize Your Ride With American-Made Stijl Cycles
Add Some Serious Sexiness to Your Flat With These 15 Furnishings From Fifty Shades of Grey
Prestige Private Air Offers Last-Minute Bookings and Helicopter Transfers With New Emerald Membership
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE