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Electronics Boutique Sags

Stock quotes in this article: ELBO , GME  

Earnings slumped at Electronics Boutique (ELBO Quote) despite rising sales in the second quarter, thanks to merger-related costs.

Excluding those expenses, the company's earnings would have declined from last year and still missed Wall Street's estimates.

In the quarter ended July 30, the video-game retailer reported Monday that it earned $1.6 million, or 6 cents a share, which was down from $3.9 million, or 16 cents a share, in the year-ago period. Total revenue grew 24% to $448.3 million. ...

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