GameStop was hurt by promotional offers from rival retailers, including a $50 discount on Nintendo Co.’s Wii console from Wal-Mart Stores Inc.
GameStop’s profit probably dropped to $1.25 to $1.29 a share in the quarter ended Jan. 2, the Grapevine, Texas-based retailer said today in a statement.
GameStop stock was down $3.47, or 14.44 percent, to $20.56.
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