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GameStop (GME Quote) said third-quarter sales rose 28.2% from a year ago, but the video-game seller swung to a loss after factoring in costs associated with the Electronics Boutique acquisition.
For the quarter ended Oct. 29, GameStop's sales rose to $534.2 million from $416.7 million in the prior year. Same-store sales fell 12%, reflecting last year's release of Grand Theft Auto: San Andreas from Take-Two Interactive (TTWO Quote) and Fable from Microsoft (MSFT Quote).
GameStop lost $2.5 million, or 4 cents a share, in the quarter. The bottom line includes merger costs of $11.9 million, or 19 cents a share, along with hurricane-related losses of 1 cent a share. ...
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