GameStop ( GME) Wednesday reported fourth-quarter earnings that met expectations and largely in-line guidance for 2004.

The nation's largest video game and entertainment software specialty retailer had a profit of $39.6 million, or 67 cents a share, compared with $31.6 million, or 52 cents a share in the year-ago quarter. The consensus forecast was for 67 cents a share, according to Thomson One Analytics.

Revenue in the quarter ended Jan. 31 rose to $635.4 million, vs. $520 million a year ago.

The Texas-based company said guidance for the first-quarter and full-year 2004 was unchanged. GameStop expects earnings of 13 cents to 14 cents a share, matching expectations, while its full-year forecast of $1.20 to $1.24 a share just meets the consensus view of $1.24.

Same-store sales in the first quarter will be somewhere between flat and 2% higher. The company said it will open 300 to 330 new stores this year.

GameStop is controlled by bookseller Barnes & Noble ( BKS), which owns about a 65% stake.