Video game retailer GameStop Corp. raised its fourth-quarter and full-year earnings-per-share guidance after stronger-than-expected January performance.

For the quarter ended Feb. 2, the company expects earnings of $1.11 or $1.12 per share. Full-year earnings are expected at $1.77 or $1.78 per share.

Analysts polled by Thomson Financial, on average, anticipate quarterly earnings of $1.11 per share and full-year earnings of $1.77 per share.

GameStop also said preliminary same-store sales for the quarter exceeded expectations, increasing 17.4% on "impressive" domestic and international sales.

Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.

GameStop operates more than 5,000 retail stores across the U.S. and in 15 countries.

The company will release fourth-quarter and full-year results, as well as fiscal 2008 guidance, in mid-March.

By: DocMemory
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