On August 20, 2009
GameStop Sales Wind Down on Recession, Delayed Releases
GameStop, the world’s largest video game and entertainments software retailer, posted disappointing fiscal second-quarter results on Thursday and lowered its full-year earnings forecast, citing fewer hit video games and cautious consumers. Shares tumbled in morning trading. GameStop said it earned $38.7 million, or 23 cents per share, for the period ended Aug. 1.
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