Katie O'Brien
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Katie O'Brien in Senior Content Editor,

GameStop Misses Earnings Mark

GameStop (NYSE: GME) Corp released quarterly earnings Thursday, according to Business Insider, and did not perform up to par with analysts’ expectations.

According to BI, shares dropped six percent during the day and closed at $38.79 after hours. However, shares remain up almost 15 percent from the previous year.

Sales for the quarter hit $3.48 billion, missing the mark analysts set at $3.6 billion, BI reported. Further, earnings per share dropped to $2.15, missing the projection by just one cent.

"2014 was a year of continued growth, diversification and expansion of the GameStop family of specialty retail brands," said CEO Paul Raines in a statement, according to BI. "In our core video game business, we achieved our highest market share in history with 28% share of next-generation hardware, 46% share of next-generation software and an estimated 42% share of downloadable content."