China Electronics Wholesaler

GameStop Q4 income up 46% to $189.8 million

Revenues up 24% to $2.87 billion

GameStop has released its financial reports for the fourth quarter ending February 2, reporting net income of USD 189.8 million - up 46 per cent from the prior year.

Revenue increased 24 per cent from the prior year to USD 2.87 billion, despite the fact that there was an extra week of sales in the prior year.

"2007 was a transformative year with hardware sales setting records and the installed base of users reaching an all-time high," said chairman and CEO R. Richard Fontaine.

GameStop has forecast Q1 earnings in the range of USD 0.32 - 0.33, with FY earnings in the USD 2.25 - 2.34 range, with FY revenue expected to grow 19 - 21 per cent.