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

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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.

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