Video game retailer GameStop on Thursday took a cautious stance toward the holiday sales quarter, despite the launch of two next-generation game consoles. The Grapevine, Texas-based company posted better-than-expected fiscal third-quarter results , but gave earnings guidance below what Wall Street was targeting. GameStop (GME) stock was down 6% in afternoon trading on the stock market today . GameStop earned 58 cents a share, up 53% from a year earlier and a penny better than forecasts, for the quarter ended Nov. 2. Sales rose 19% to $2.11 billion, topping Street forecasts for $1.98 billion. Sales of new software increased 43%, driven by hit game titles such as …
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GameStop guides lower on holiday earnings despite PS4, Xbox One