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...