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Videogame retailer GameStop posts higher fourth-qtr revenue

Reuters - UK Focus

March 27 (Reuters) - GameStop Corp (NYSE: GME - news) , the world's largest retailer of videogame products, reported a 3.4 percent rise in fourth-quarter revenue, driven by demand for new game consoles from Sony Corp and Microsoft Corp.

However, the company's net profit fell to $220.5 million, or $1.89 per share in the three months ended Feb. 1 from $261.1 million, or $2.15 per share, a year earlier.

The Grapevine, Texas-based company said revenue rose to $3.68 billion from $3.56 billion. (Reporting by Lehar Maan and Abhirup Roy in Bangalore; Editing by Ted Kerr)