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Actionable news in GME: GAMESTOP Corp CLASS A,

GameStop Earnings So-So, But Stock Rises Anyway

GameStop Corp. (NYSE: GME) reported third quarter 2016 results after markets closed on Tuesday. The video game retailer posted diluted earnings per share (EPS) of $0.49 on $1.96 billion in revenues. In the same period a year ago, the company reported EPS of $0.53 on revenue of $2.02 billion. Third-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.47 and $1.99 billion in revenue.

Consolidated same-store sales tumbled 6.5% in the third quarter compared with the same period a year.

For the fourth quarter of its fiscal year GameStop forecasts a same-store...