WATCH LIVE ONLINE: Coaches' Cabana: Saturday, 6:30pm - 10pm | Former college football coaches and players sit down to analyze game footage and take fan questions.


GameStop’s Q2 Income Falls As Sales Slow

From Our CBS Music Web Sites

453641528 10 GameStops Q2 Income Falls As Sales SlowAdorbale Baby Animals To Put A Smile On Your Face

150725619 10 GameStops Q2 Income Falls As Sales SlowHot Models In Glasses

 alt=Musicians Then And Now II

452359780 10 GameStops Q2 Income Falls As Sales SlowMissing Summer?

87222728 GameStops Q2 Income Falls As Sales Slow8 Reasons to Have A Good Love Life

sx GameStops Q2 Income Falls As Sales Slow Victoria's Secret Fashion Show

GRAPEVINE (AP) – The world’s biggest video game retailer has reported a 32 percent decline in its second-quarter net income.

Grapevine-based Gamestop on Thursday said sales had slowed because not enough new games came out to draw in customers.

The company is also testing to see if it needs to write down the value of its good will because the value it’s carrying on its books exceeds the company’s market capitalization.

For the period that ended July 28, GameStop earned $21 million, or 16 cents per share. That’s down from $30.9 million, or 22 cents per share, a year earlier.

But the performance managed to meet the expectations of analysts polled by FactSet.

Revenue fell 11 percent to $1.55 billion from $1.74 billion.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: