Pursuits
GameStop Sinks After Earnings, Forecast Miss Analysts' Estimates
- Digital sales outpacing physical game sales so far this year
- Top end of 4Q profit forecast short of estimates by 5 cents
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GameStop Corp., the largest video-game specialty retailer, posted earnings and a forecast that missed analysts’ estimates as physical sales of titles including Halo 5 and the much-anticipated Star Wars: Battlefront were weaker than the company expected.
Shares of GameStop declined 4.2 percent to $37.61 at the close in New York. Electronic Arts Inc., maker of the Star Wars game, fell 4.8 percent to $68.98.