informa
1 min read
article

Electronics Boutique Earnings Fall

Officials from Electronics Boutique have announced that first quarter profits for the company have slipped, despite opening 104 new stores in the same quarter. For the q...
Officials from Electronics Boutique have announced that first quarter profits for the company have slipped, despite opening 104 new stores in the same quarter. For the quarter ended May 1, the company earned $3 million, or 12 cents a share, on a record revenue of $372.4 million. In the same period last year, it earned $3.2 million, or 12 cents a share, on revenue of $303.5 million. During this period game software sales jumped 28% and total hardware sales rose 19%. Same store sales, or sales at stores open at least a year, fell 2.5%, which the company insists is within expectations. Confident that recent hardware price drops will boost sales, the company has raised its fiscal 2005 forecast to $1.90 to $2 a share, based on an average share count of 24.5 million. The jump in the per share estimate is due solely to the change in the company's share base, which was affected by the recent repurchase of 1.2 million shares. Source: AP Wire

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more