GameStop: Fiscal 4Q Earnings Snapshot

GRAPEVINE, Texas (AP) _ GameStop Corp. (GME) on Thursday reported fiscal fourth-quarter net income of $21 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Grapevine, Texas-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The video game retailer posted revenue of $2.19 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $2.36 billion.

For the year, the company reported that its loss narrowed to $470.9 million, or $5.38 per share. Revenue was reported as $6.47 billion.

In the final minutes of trading on Thursday, the company's shares hit $4.41. A year ago, they were trading at $10.35.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GME at https://www.zacks.com/ap/GME