GameStop made $68M in profit in the past three months, up 24% over last year

GameStop reported earnings today for the quarter ended May 3, and it was good news for the Grapevine, Texas video game giant. The retailer posted $2 billion in revenue, up 7 percent compared to the $1.87 billion it hauled in last year. Profit for the quarter was $68 million, a healthy increase of 24.5 percent compared to last year's net earnings of $54.6 million. Continued strong worldwide sales of the Xbox One and PlayStation 4 was the "primary" driver of GameStop's performance in the quarter. ...