Posted by henhill69 > 2013-08-22 11:44 | Report Abuse

Real-time Streaming of Text for Q2 2013 @ http://stks.co/dfpP Excerpt LIVE: The second quarter exceeded expectations with earnings per share beating the high end of our guidance by $0.02. We also produced another strong quarter of margin expansion of 130 basis points. GameStop has now grown margin rate for ninth consecutive quarters reflecting ongoing strength of the new businesses we are building. Comparable sales came in better than our guidance, but still was challenged. challenging as we close out the current console cycle. Although the second quarter is the lowest volume quarter of the year. We set aggressive execution goals for our teams around world. And I am pleased to say that team delivered. The hard work of controlling costs and managing expenses is just as important as the exciting work of driving sales , especially at the end of a console cycle. Rob Lloyd will share details of our performance in his remarks . We continued to gain market share this quarter and our digital and mobile businesses continued to perform well. We are positioned well for the upcoming console launches and expect to be the dominant player during this cycle. The unique value of the buy sell trade model has been reaffirmed by our partners and will bring over $1 billion per year of trade currency to consumers for their new console purchases. .