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Profit up for game retailer

Video and computer game retailer GameStop reported sales were up 48.2 percent to $1.12 billion for its fiscal year ended Feb. 2. Earnings for the year were $7 million, or 18 cents a share, compared with a loss of $12 million, or 33 cents a share, the previous year. GameStop, which runs stores under the GameStop, Babbage's and Software Etc. names, raised about $326 million in its initial public offering last month. The Grapevine, Texas-based company is a unit of book retailer Barnes & Noble.

Video and computer game retailer GameStop reported sales were up 48.2 percent to $1.12 billion for its fiscal year ended Feb. 2. Earnings for the year were $7 million, or 18 cents a share, compared with a loss of $12 million, or 33 cents a share, the previous year.

GameStop, which runs stores under the GameStop, Babbage's and Software Etc. names, raised about $326 million in its initial public offering last month. The Grapevine, Texas-based company is a unit of book retailer Barnes & Noble.