GameStop Reports Q1 Revenue Rise and Announces $2 Billion Stock Buyback
GameStop reported a 14% rise in its first-quarter revenue and announced a new $2 billion share buyback program. The company's collectibles revenue continues to grow, while hardware and software revenues have declined year-over-year.
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GameStop wants to buy back $2 billion of its own stock after an eBay-fueled selloff
The videogame retailer also said that collectibles helped drive a 14% sales gain in the first quarter.
By Bill Peters
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