NEW YORK (TheStreet) -- GameStop (GME) - Get GameStop Corp. Class A Report stock is gaining by 2.32% to $47.25 in after-hours trading on Thursday, after the company reported earnings results that surpassed estimates for the second quarter of fiscal 2015.
The company posted earnings of 31 cents per share on revenue of $1.76 billion for the quarter ended August 1.
Analysts surveyed by Thomson Reuters had estimated for earnings of 25 cents per share on $1.74 billion in revenue for the quarter.
Last year, GameStop reported earnings of 22 cents per share on revenue of $1.73 billion for the fiscal 2014 second quarter.
The results are "reflecting the mix of sales in our market-leading video game business and the continuing success of our diversified segments," CEO Paul Raines said in a statement. "We increased the number of Technology Brands stores by 33% and completed the acquisition of Geeknet."
Additionally, the company raised its earnings per share guidance for fiscal 2015 to $3.66 to $3.86 per share from the previous outlook of $3.63 to $3.83 per share.
Separately, 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: GME Ratings Report