NEW YORK (TheStreet) -- Shares of GameStop (GME) - Get Report were falling 3.2% to $37.56 after-hours Thursday after the video game retailer reported its fourth quarter results.

GameStop reported earnings of $2.15 a share for the fourth quarter, below analysts' estimates of $2.17 a share for the quarter. Revenue fell 5.6% year over year to $3.48 billion for the quarter, below analysts' estimates of $3.6 billion.

Comparable store sales fell 1.8% from the year-ago quarter, which the retailer attributes to the launch of the PlayStation 4 and Xbox One in November 2013.

Looking to the first quarter the video game retailer said it expects earnings of 53 cents to 60 cents a share below analysts' estimates of 66 cents a share for the quarter. GameStop expects earnings of $3.60 to $3.80 a share for fiscal year 2015, below analysts' estimates of $4.04 a share for the fiscal year.

TheStreet Ratings team rates GAMESTOP CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GAMESTOP CORP (GME) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: GME Ratings Report

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